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Benzinga
Benzinga
Business
Chris Katje

Electric Vehicle Market Opportunity Could Be $53 Trillion By 2050 With Net Zero Carbon Neutrality: Report

The global road transportation market could hit carbon neutrality by the year 2050, according to a new analysis of the electric vehicle market by Bloomberg. Here are the key takeaways from the report.

What Happened: In 2021, electric vehicles had market shares of 1% for vans and trucks, 9% of passenger vehicles, 44% of buses and 42% of two and three-wheel vehicles according to the report.

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