Report: Mustang Crossover Marks Start of EV Blitz
Nov. 25, 2019—When Ford unveiled its first all-electric SUV last week in the Mach-E, it may very well have marked the start of an avalanche of battery-powered vehicles from mainstream automakers, the Associated Press wrote.
The Mustang Mach E will go 230-300 miles per charge and was unveiled early last week, in advance of the Los Angeles Auto Show.
There are now 18 such vehicles on the U.S. market, and IHS Markit predicts that number will grow to 80 by 2022, including trucks and SUVs. However, it's worth noting that, last year, pure electric vehicles made up just 1.5 percent of new vehicle sales worldwide, and that number is expected to climb to just 2.2 percent this year.
In the U.S., electric vehicles made up only 1.2 percent of sales in 2018.
But, OEMs see chances for growth, according to the Associate Press, and, with EVs getting 250 miles or more on a single charge, concerns about mileage ranges are decreasing. Because of the added models and increased range, LMC predicts that EVs will make up 17 percent of global sales by 2030.