SAIC-GM-Wuling Automobile Co. electric vehicles (EVs)
SAIC-GM-Wuling Automobile Co. electric vehicles (EVs) are plugged in at charging stations at a roadside parking lot in Liuzhou, China. Image Credit: Bloomberg

According to projections by research company BloombergNEF (BNEF), larger EVs will reach price parity with their fossil-fuel counterparts in the US and Europe in 2022, with parity reached in most other segments and regions by the end of the decade.

Infographics: Falling battery prices drive EV sales
Image Credit: Vijith Pulikkal/Gulf News | Graphic News