Market Overview

Electric Vehicles Will Hit 50% Market 'Inflection Point' By 2040

Electric Vehicles Will Hit 50% Market 'Inflection Point' By 2040
Related TSLA
Tesla And Consumer Reports: A History
Bitcoin Inverted Double-Head And Shoulders Pattern Spotted
Stocks To Watch: Food For Thought (Seeking Alpha)
Related GM
Podcast: 5 Surprising Investing Moves Buffett Made As Stocks Fell
Kandi Technologies Charges Higher, Reports NHTSA Approved 2 Pure Electric Vehicle Models
"Has Buffett Lost His Touch?" – Here We Go Again (TalkMarkets)

In the firm’s new EV Inflection Tracker report, Lux Research analyst Cosmin Laslau presented his annual report card of the auto industry’s transition to electric vehicles (EV). According to Laslau, the industry has a long way to go before the majority of new automobile sales are EVs.

Lux first looked at the top EV options currently on the market in five different vehicle categories: small cars, SUVs, large cars, pickup trucks and luxury vehicles. In each category, Lux named a top vehicle.

In the small car category, the honor went to General Motors Company (NYSE: GM)’s Chevy Volt. Laslau noted that the majority of the activity in EVs will be happening in the small car space in coming years, with Tesla Motors Inc (NASDAQ: TSLA) potentially being a major new presence.

Related Link: Tesla Optimism Makes No Sense, Writer Says

The Renault Fluence Z.E. took the top spot in the large car category, and the Tesla Model S was the winner in the luxury segment.

Manufacturers have yet to devote much effort to pickup trucks and non-luxury SUV EVs.

Looking ahead, Laslau believes that the most critical EV vehicle type for the mass market will be a vehicle with an electric driving range greater than 200 miles and a price below the average new vehicle price in the low $30,000 range. Lux anticipates that EVs will reach 50 percent market share of all new vehicle purchases somewhere between 2035 and 2040.

Disclosure: The author holds no position in the stocks mentioned.

Image Credit: Public Domain

Latest Ratings for TSLA

Feb 2019Canaccord GenuityUpgradesHoldBuy
Feb 2019Morgan StanleyMaintainsEqual-WeightEqual-Weight
Jan 2019UBSReiteratesSell

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas Travel Top Stories Markets Analyst Ratings Tech Trading Ideas Best of Benzinga


Related Articles (GM + TSLA)

View Comments and Join the Discussion!

Potash Corp. Shares Downgraded To Sell Amid 'Rally On Shaky Ground'

Benzinga's Top Upgrades