NEW YORK—The road to future electric vehicle dominance faces many road bumps during the decade ahead, warns ABI Research. The industry is faced with numerous deadlines looming around the world to ban new sales of ICE vehicles. Forecasts have predicted up to 45 million EVs produced by 2030 and 71 million by 2035.
Before that happens, the auto industry must address a myriad of challenges, including scaling production, bringing down costs, optimizing battery lifecycles, increasing charging convenience and managing the introduction of a significant new load to the grid.