Demographics and Consumption

Mobility in 2030

By 2030, one in every five cars produced will run on electricity. What are the factors primed to change the face of travel?

By 2030, one in every five cars produced in the world will run on electricity, and China is leading the charge by fuelling both demand and supply. The world's largest economy is expected to account for half of the world's electric vehicle units in sales by then, while the $10 billion Tesla gigafactory in Shanghai has also committed to producing 500,000 electric cars annually from 2023. As they gain in popularity, electric vehicles are leading us to reimagine mobility. In the next decade, will it be clear skies ahead for the transportation sector?

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