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- 01 30, 2025
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CAR-BUYERSEVICEEVEVEVEV are getting behind the wheel of an electric vehicle () in . As battery costs tumble, prices are falling. Compared with () cars, which can be a pain to drive and service, electric cars are a thrillseeking motorist’s dream. But the shift to s is about more than driving pleasure. Transport accounts for around a quarter of the world’s carbon emissions, and road vehicles for around three-quarters of that share. If the world is to have any chance of reaching net-zero by 2050, s will need to take over, and soon.The 6m pioneers who opt for s this year will still represent only 8% of all car purchasers. That figure must rise to two-thirds by 2030 and to 100% by 2050. Many investors are operating on the assumption that this will all happen as smoothly as a Tesla accelerates. The soaring market values of Elon Musk’s $1trn company, newcomers such as , which makes electric pickup trucks, and Chinese luxury firms, attest to . Electric-battery makers, too, are booming.