The electric vehicle boom shows no signs of slowing.

Here’s what we already know.

According to a new study from the Boston Consulting Group, by 2025, EVs could account for a third of all auto sales. By 2030, EVs could surpass internal combustion engine vehicles with a market share of 51%.

And, according to the International Energy Agency, sales of EV cars were up to 2.1 million just last year alone, making up about 2.6% of all car sales.

Part of the reason for that are governments all over the world.

• In the U.S., California Gov. Gavin Newsom just signed an executive order that will ban the sale of gas-powered passenger cars in the state starting in 2035. That means only EVs will be available for purchase in the next 15 years.


• In Europe, “Automakers need to sell more electric vehicles after EU lawmakers in December 2018 ordered them to cut CO2 emissions by 40 percent between 2007 and 2021, and then by a further of 38 percent by 2030, or face fines.”