EV's commonplace by 2025 says Bosch chief

Bernd Bohr, the chairman of Bosch's automotive group, predicted in a press conference that electric vehicles will become mainstream around 2025.

“After 2020, the share of electric vehicles will rise as battery costs go down year after year. By the end of the next decade toward 2030, we will see a pretty high market share of electric vehicles and plug-in hybrids,’’ Bohr said.

However, Bohr made it clear that the road toward sustainable cars will not be easy. For the current decade, he sees electric cars and hybrids still making up only 3%-5% of worldwide car sales. 

“Because even if we include hybrids, over 95 percent of new vehicles around the world in 2020 will still be powered by diesel or gasoline. It is precisely for this reason that it is so important for us to reduce their consumption by another 30 percent,” Bohr said. 

By 2025, the EU will limit CO2 emissions to 70 g/km, half of the emissions of the current vehicle in the EU now. Bosch hopes to take advantage of the new regulations by creating more efficient engine technologies like start-stop functionality, which Bosch already has begun to implement. 

Source: Korea Times