Roads will have 60 times more electric cars by 2040: BP

The number of electric cars worldwide is growing rapidly and will jump from 5 million today to 300 million by 2040, says BP’s Chief Economist, Spencer Dale. This represents a 60-fold increase. While there remain concerns about electric vehicles that must be addressed, such as the second life use of batteries and regulations, BP believes that there is a bright future for the market.

In the latest Energy Illustrated video, Spencer Dale shares what’s driving this rapid growth and the role of electrifying mobility in the broader mobility revolution – while two professional illustrators visualise the topic.