Just two percent of all auto sales today are electric. It is estimated that over 3.5 million electric cars are on the road today, and there may be as many as 36 million electric cars by 2025. By 2040, 30 percent of all new car sales will be electric, according to analysts at IHS Markit.
Most American automobiles are powered by internal combustion engines: Gas or diesel goes in, tiny explosions power pistons and turn a crankshaft, the car moves forward, and carbon dioxide goes out. But a growing chorus of environmental activists, business analysts and auto executives are predicting a sea change as battery-powered electric vehicles grow in popularity.