Thursday, October 11, 2018 02:19 AM

ELECTRIC CARS THREATEN EUROPE'S AUTO INDUSTRY | REPORT | ING THINK - ING THINK

Executive summary

The car industry is at a fork in the road. In just six years' time, the total cost of owning an electric carwill likely be equal to that of one run on petrol or diesel. By 2035, we think there's a realistic chance that almost all of the new carsin Europe are electric.

This poses a major problem for the continent's traditional automotive industry, which has been at theforefront of developing the combustion engine, and which currently produces about a quarter of the world's cars.

In this report, we look at the challenges and opportunities created by this seismic shift in the sector over the next two decades.

News source: GOOGLE NEWS

See also: Lyle Industries