The Bloomberg New Energy Finance (BNEF) report shows that electric cars are expected to increase from 2 million to 56 million units by 2040, which corresponds to more than half of the world's vehicles. The reason is that the production of these electric cars will cost less, and the forecast is that they will have more and more space in the global automotive market. Now, the sale of conventional cars, which are fueled, will fall from 85 million to 42 million.
The environment benefits, as despite the growth in the number of cars in circulation, there will not be as much emission of toxic gases that contribute to global warming. According to the BNEF report, emissions levels will fall, however, they will only return to 2018 levels.
