Electric Vehicles: on the verge of an EV revolution?
The global market for EVs has grown ten-fold in the past five years. And that was before Tesla unveiled its Model 3 in March. Within weeks of the announcement, pre-orders stood at an astounding 370,000 cars – equal to one-third of all electric vehicles on the road today. So, are we on the verge of an EV revolution? Wood Mackenzie looks at the state of the global EV market, and its potential impact on oil and power demand.