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Number of electric cars will go up in wealthy cities, says report
Posted on: 13/Oct/2016 2:24:03 PM
A report by McKinsey & Co and Bloomberg New Energy Finance showed that electric vehicles could account for two-thirds of all cars on the road by 2030 in wealthy cities such as London and Singapore due to stricter emissions regulation, falling technology costs and more consumer interest.
According to the report, In densely populated, high-income cities like London and Singapore, electric vehicles could represent as much as 60 percent of all vehicles on the road by 2030, the result of low-emission zones, consumer interest and favorable economics. The automotive sector faces a future that could be fundamentally different from its past and may need to consider moving from using a pure product-ownership model toward providing a range of transportation services.
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