BloombergNEF’s Outlook on the Electric Vehicle Industry

ASME TechCast

The electric vehicle is positioned to become the vehicle of tomorrow. Major manufacturers such as Ford and GM are now joining the ranks of Tesla, debuting new fleets of electric cars. According to BloombergNEF, by 2030, the electric vehicle fleet will reach 116 million across the globe, up from an estimated 8.5 million units in 2020. BloombergNEF’s Nick Albanese, head of intelligent mobility, and Milo Boers, lead modeler of electric vehicle outlook, share insights from the Electric Vehicle Outlook report of 2021 and discuss the future outlook of the electric vehicle industry. The report highlights ongoing trends in the EV industry and how shared auto-mobility, battery manufacturing, and autonomous driving will change from now out to 2050.