Morgan Stanley Report Predicts Electric Car Revolution Will Accelerate Soon

Morgan Stanley Report Predicts Electric Car Revolution Will Accelerate Soon

by Steve Hanley, GAS2

Morgan Stanley has released a new report estimating that electric car sales will increase become 10 to 15 percent of the global new car market by 2025. That is three time the rate the investment banking house has projected in the past. Why the sudden shift in its thinking? While the US is conveniently planning to reduce or eliminate fuel economy regulations, every other civilized country has rules in place that will require auto manufacturers to dramatically lower the emissions from their vehicle in just a few years time.

A note on defining terms. Some Gas2 readers object strenuously to calling any car with an internal combustion engine an electric car. However, those who are less technically oriented often lump all cars that take advantage of an electric motor to drive an vehicle either full or part time together under the term “electric car.” Morgan Stanley falls into the group that is somewhat fuzzy with definitions.

Read the full article here…

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