Tesla CEO Predicts Half of Cars Will be EVs by 2032

Tesla CEO Predicts Half of Cars Will be EVs by 2032

EVs are trying to break into the mainstream, and Tesla CEO Elon Musk is predicting that within 20 years, at least half of our cars will be all-electric.

At an event held to celebrate the first Tesla Model S deliveries, Musk said, “In 20 years more than half of new cars manufactured will be fully electric, I feel actually quite safe in that bet. That’s a bet I will put money on.”

So far, EVs have struggled to get a hold on any solid market share, mainly because of the high cost and anxiety when it comes to how far the cars will go on a single charge. Instability of government funding for EVs in the future could also prove to be an issue regarding the development of new electric cars.

Nissan CEO Carlos Ghosn said that he believes that by 2020, ten percent of our vehicles will be all-electric, a more feasible claim. And despite the challenges ahead, Musk still believes that electric cars will gain widespread love, enough so to control half of the autos market within 20 years.

The new Tesla Model S is the first car in the companies lineup that aims at a mass market segment. Tesla has reportedly been discussing the possibility of power train production with a large automaker, another step which would take them closer to the mainstream.

[Source: Reuters]

  • Goku2100

    Well after test driving the Model S, I’d have to say, if all vehicles could have that sort of throttle response and handling, people will go to electric not for the fuel savings but for the overall better driving experience. The Model S is like having a BMW M5 without the noise, Vibration, etc, a very very nice car!