As awareness of climate change increases and human behaviours transition, consumers may begin to shift their loyalty from internal combustion engines to electric and battery-based technologies. This shift in manufacture and purchasing could help reduce total emissions, thus, cleaning the air and resulting in greener societies. But are we ready for an electric car revolution?
In 2018, it was noted that there were over 5 million electric cars on the road in 2018, a 40% increase from 2017. With companies like Tesla leading the widespread adoption of electric vehicles, this figure is expected to consistently grow until electric cars become more common than cars using petrol and diesel. Many analysts have predicted that it will take around 20 years for this to happen, therefore placing an investment or trade in the right company could result in revolutionary growth in the future.