Rapid rise in electric vehicles to 'reverberate through wider economy'

Michael Holder
clock • 3 min read

Falling costs of renewables and batteries will boost EV market over next 20 years and have huge impact on wider global economy, BNEF paper argues

The rapid rise in electric vehicle numbers expected across the world over the next two decades will reverberate throughout all business sectors and make a huge impact on the global economy. That is...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

BMW sets new 2035 target to slash emissions by at least 60 million tonnes

BMW sets new 2035 target to slash emissions by at least 60 million tonnes

New target represents an addition 20 million tonnes of CO2 emissions savings on top of previous 2030 goal

clock 05 December 2025 • 2 min read
EVs secure over a quarter of November's new car market

EVs secure over a quarter of November's new car market

EV market share of more than 26 per cent represents second strongest monthly performance of the year

James Murray
clock 04 December 2025 • 4 min read
Electric Car Grant: New Renault and BMW models qualify for maximum £3,750 discount

Electric Car Grant: New Renault and BMW models qualify for maximum £3,750 discount

New additions double the number of vehicles eligible for maximum discount, meaning drivers can now get £3,750 off eight models from some of the UK's most popular brands

clock 03 December 2025 • 5 min read