The McKinsey Podcast Electric vehicles are here, and large-scale adoption is. . . near?
Nov 29, 2022
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EV Tipping Point
- The tipping point for electric vehicle (EV) adoption has already occurred.
- Economic viability is equivalent to or within months of internal combustion engines.
Dominance of ICE
- Internal combustion engines dominate vehicle design, hindering EV development.
- Carbon emissions and design complexity slow down EV adoption.
Forces Driving EV Industry
- Regulation, economics, technology, and consumer adoption drive EV industry.
- Advances in mobile electronics and batteries paved the way for EV development.