Ford Invests $500 Million in Electric Vehicle Market

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The electric vehicle (EV) market is one of the most explosive.

Total SA’s chief energy economist once noted that EVs could make up 15% to 30% of global new vehicle sales by 2030, as noted by Bloomberg.  The International Energy Agency doubled its 2030 forecast from 23 million to 58 million.

Statoil ADA even believes EVs could account for 30% of new car sales by 2030.

BHP Billiton believes there will be 140 million EVs on the road in the next six years.

“Demand for electric vehicles i...

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