Electric cars are here to stay.
Today’s sketch shows that in roughly 20 years from now, it is estimated that over half of all passenger vehicles sold will be electric. This is being driven not only by legislation but also by economies of scale. Electric car penetration is likely to accelerate in the coming years, as some of the bigger car makers are set to bring a range of electric vehicles to the market. It won’t just be Teslas that don’t need gasoline or diesel.
As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named one of the ‘50 Twitter accounts for investors 2017’ by MarketWatch.
Previous editions of the daily sketch can be found on my personal financial markets blog. All graphics provided are collected from Bloomberg data and public websites. They do not always reflect my personal opinion and may also not necessarily reflect the opinion of Robeco. Please cite all references or quote the original source if replicating content.