By 2040, more than half of new cars will be electric

By 2040, electric cars could make up 57% of all passenger car sales worldwide, the report found. That’s up two percentage points from BNEF’s 2040 projection last year. Electric vehicles will make up a similar percentage of light commercial vehicle sales in the United States, Europe and China within that time, BNEF predicts.

By Peter Valdes-Dapena, CNN Business