Electric cars will exceed half the market and displace 7 percent of gasoline consumption by 2040: report

Tour of Tesla battery gigafactory for invited owners, Reno, Nevada, July 2016Electric car sales are poised to increase tenfold by 2025 and reach 55 percent of car sales worldwide by 2040, according to the latest report on electric cars from Bloomberg New Energy Finance. While electric cars' share of the market is still small—less than 2 percent in most places—that is set to change dramatically in the next few...