Electric vehicles close to ‘tipping point’ of mass adoption

Electric vehicles are close to the “tipping point” of rapid mass

adoption thanks to the plummeting cost of batteries, experts say.

Global sales rose 43% in 2020,

but even faster growth is anticipated when continuing falls in battery

prices bring the price of electric cars dipping below that of equivalent

petrol and diesel models, even without subsidies. The latest analyses

forecast that to happen some time between 2023 and 2025.

The tipping point has already been passed in Norway, where tax breaks

mean electric cars are cheaper. The market share of battery-powered

cars soared to 54% in 2020 in the Nordic country, compared with less than 5% in most European nations.