Unsure if already posted, but from Forbes a few days back: "Electric vehicles (EVs) are set to make up more than half of global passenger car sales by 2040 and completely dominate the bus market according to new research.
Sales of diesel and gasoline vehicles will continue to decline, according to Bloomberg NEF’s Electric Vehicle Outlook 2019.The report shows that electrics will take up 57% of the global passenger car sales by 2040, with electric buses dominating their sector, holding 81% of municipal bus sales by the same date.
Electric models will also make up 56% of light commercial vehicle sales – vans and light trucks in Europe, the US and China within the next two decades, and 31% of the medium commercial market. However, heavy trucks will be a harder nut for electric technology to crack because of their weight, but electric heavy trucks will still comprise almost a fifth of the market, although these will be mostly limited to shorter routes".
I have also been looking beyond road transport and into other areas that need fuel, and think that if you begin to look beyond electric cars then we will find there is quite a massive need out there that we don't yet realise.
AVZ Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held