Goldman Sachs: EV Penetration Rate to Exceed 50% by 2035

Published: Mar 7, 2023 14:34

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Goldman Sachs said in its research report that global EV sales will soar from about 2 million units in 2020 to about 73 million units by 2040.

Goldman Sachs predicts that the proportion of electric vehicles in global car sales will reach 16% by 2025 and 33% by 2030. The proportion is forecast to surpass 50% by 20235, and climb further to 61% by 2040.

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