EV sales are surging due to a combination of policy support, improvements in battery technology and cost, more charging infrastructure being built, and new compelling models from automakers. Electrification is also spreading to new segments of road transport, setting the stage for huge changes ahead.

EVO Report 2021 Bloomberg Finance LP

Across the automotive spectrum, a wave of new EV products and brands all point to support EV trends in 2021 and beyond. With more than 100 new EV options expected between 2021 and 2025, a continued increase in consumer acceptance and demand will grow as ICE options are displaced by EVs.

IHS Markit

The automakers are making it official—they’re phasing out internal combustion and heading... into an all electric future. So at what point does the more than 120-year history of producing and improving gas and diesel engines actually stop? Some carmakers are saying that process is already well underway, and no more multimillion-dollar engine development plans will get approved.

Autoweek.com