Electric Vehicles Will Hit 50% Market ‘Inflection Point’ By 2040

In the firm’s new EV Inflection Tracker report, Lux Research analyst Cosmin Laslau presented his annual report card of the auto industry’s transition to electric vehicles (EV). According to Laslau, the industry has a long way to go before the majority of new automobile sales are EVs.

Lux first looked at the top EV options currently on the market in five different vehicle categories: small cars, SUVs, large cars, pickup trucks and luxury vehicles. In each category, Lux named a top vehicle.

In the small car category, the honor went to General Motors Company GM’s Chevy Volt. Laslau noted that the majority of the activity in EVs will be happening in the small car space in coming years, with Tesla Motors Inc TSLA potentially being a major new presence.

The Renault Fluence Z.E. took the top spot in the large car category, and the Tesla Model S was the winner in the luxury segment.

Manufacturers have…

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