More than 35 million electric vehicles (EV) will be on the world’s roads by 2022, according to a new report from Navigant Research.
“With gasoline prices remaining high, acquiring an EV is becoming an economic decision for many consumers,” says Scott Shepard, research analyst with Navigant Research. “The initial purchase price premiums for EVs, compared to conventional gasoline and diesel-powered internal combustion engines, are substantial. Yet, operational cost savings due to reduced refuelling and maint