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Why Electric Cars Can’t Come Fast Enough

Original Article, A. Arora, N. Niese, E. Dreyer, A. Waas, and A. Xie, bcg.com, April 20, 2021

Through all the turbulence of the past year, a source of enormous hope for the health of the planet has emerged: the automotive industry is shifting toward electric vehicles (EVs) even faster than we envisioned only a year ago. With steady support from governments and leading automakers in the face of the COVID-19 crisis, the global market share of electrified cars, SUVs, and other light vehicles grew from 8% in 2019 to 12% in 2020, and has shown continued strength in early 2021.

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