By 2030, electric vehicles will make up roughly 10% of all new vehicles sold, and it’s expected that that number will grow to 50% in 2025.
But electric vehicles are only one piece of the puzzle.
The other piece is the growth of the car market, which is expected to reach nearly 40 million units in 2025, according to estimates from the automotive consulting firm Gartner.
That means that there are more than 2.7 million EVs on the road in 2025 and a combined total of 4.5 million vehicles that will need charging stations to be available in 2025 for a total of 8.2 million cars.
While the market for electric vehicles is expected hit a record in 2025 thanks to strong sales of the Chevy Volt and Tesla Model 3, electric car makers may have to rethink their business model as more automakers adopt plug-in hybrid technology and the number of plug-ins in production continues to grow.
With more and more EVs on roads, it’s hard to know where to start in terms of how to build and market a viable business.
And that’s a big challenge for a company like General Motors, which has been aggressively pushing plug-inos as a vehicle choice for years.
The future of electric cars will largely be shaped by the future of the vehicle industry.
It is possible that EVs could make up about one-fifth of all plug-n-play electric vehicles in the US in 2025 but will only be able to generate a tiny percentage of new vehicles because of regulatory constraints.
There are also some issues to consider when looking at the market, especially when it comes to financing, which General Motors says it plans to address in the near future.
In 2025, the EV market will reach its peak of $3.4 billion, but there are many factors that could cause the market to fall.
Some of the key factors are the growth in electric vehicles and the lack of affordable and reliable plug-and-play cars in the market.
A growing number of people are going to opt for EVs because they feel the benefits of EV are far greater than the costs of gasoline and diesel.
Many people will also buy EVs because of the lower maintenance costs, a lower environmental impact and a desire to reduce their fuel consumption.
The demand for electric cars and plug-N-Play cars will continue to grow, so the number and size of EV charging stations will continue on a steady rise.
General Motors has already announced plans to expand its EV charging network in the United States and plans to have more than 1,000 EV charging points nationwide by 2020.
Other factors that will shape the future electric car market include the size of the plug-plus-charging-point market and the availability of new plug-IN hybrids and EV batteries.
There is also a potential shortage of plug-, hybrid- and EV-ready vehicles in 2025 due to a number of issues with plug-In hybrids and EVs, which have seen significant development delays.
The market for EV-only vehicles will likely remain relatively static in 2025 because of these factors.
However, the market is likely to be able grow and reach its maximum size in the early 2030s.
By 2025, EV sales will have grown by more than 40% and are expected to be roughly 25% of the US market.
That means that EV sales are expected increase by about 10% per year from 2025 to 2025, which should give EV makers a significant opportunity to make substantial gains.
But it’s also possible that the EV industry will have to do more than simply grow.
It will need to take a more proactive approach in order to become a viable part of the global transportation landscape, and this may not be possible without changing the way the industry is run.
This article originally appeared on Next BigFuture.