The J.P. Morgan Research team has released a study that explores the rise of the electric vehicle (EV) and what the industry might look like by 2025, particularly as car makers begin to phase out vehicles exclusively powered by internal combustion engines (ICEs) to help governments meet reduced fuel emission targets.

According to the report, entitled “Driving into 2025: The Future of Electric Vehicles,” the growth in electric vehicles (EVs) and hybrid electric vehicles (HEVs) is climbing and by 2025, EVs and HEVs will account for an estimated 30 percent of all vehicle sales worldwide.

Read the full article at Cantin Automotive Insider.

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