Remove Batteries Remove Boston Consulting Group Remove North America Remove Purchase
article thumbnail

BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars

Green Car Congress

Conventional automotive technologies have significant emission-reduction potential, according to a draft of the Boston Consulting Group’s (BCG) latest report on automotive propulsion, Powering Autos to 2020. A combination of peak oil with incentives or lower battery costs could increase EV penetration by 6%.

CO2 246
article thumbnail

U.S. EV adoption is happening faster than anticipated

Teslarati

The research directly contradicts and challenges a statement by Jack Hollis, the executive vice president of sales at Toyota Motor North America. According to Hollis, consumer demand isn’t sufficient enough for the mass adoption of battery electric vehicles to develop as fast as everyone would like.

article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

An obvious example involves the making of millions of EV batteries. needs over 100 battery cell manufacturing locations by 2035” to meet the projected EV demand. Currently, 15 battery factories are in operation or will be within five years. Of course, more EV battery factories creates more demand for raw materials.

Market 100