A lot of electric vehicles are going to be sold in the coming generation. That’s good news for
It’s also good news for a host of other auto makers, including some start-ups. It’s bad news, surprisingly, for
and its Chinese EV peers.
Tuesday, Piper Sandler analyst Alexander Potter published a very detailed forecast for EV sales stretching all the way out to 2040. He forecasts sales and market share for essentially every major auto maker globally.
“We have spent the past few months assembling a brand-by-brand, region-by-region forecast for battery electric vehicle (BEV) sales,” writes the analyst. Looking ahead, he forecasts EV penetration at 45% of new car sales by 2030 and 94% by 2040.
Potter is predicting the EV takeover of the