COMMENT: Forces converge to reach the electric vehicle inflection point | Automotive World

We entered 2020 with a common outlook that the automotive industry would see more change in the next five years than was seen over its past 100 years. We are likely to see even more rapid change in 2021 as forces converge to align public policy, capital markets, industry investment, and consumer demand to move electric vehicles’ (EVs) supply and demand toward the elusive inflection point.

Plante Moran’s Mobility Intelligence Center (powered with Auto Forecast Solutions) projects that non-ICE (internal combustion engines) will account for 20.6% of the North American market in 2027, more than double the share of 9.2% in 2020.