General Motors has Planned to Build Thousands of Self-Driving Electric Cars in 2018

US: The leading global vehicle manufacturing company, General Motors Co, has planned to deploy thousands of self-driving electric cars by 2018 in its test fleets, in partnership with Lyft Inc, a ride-sharing affiliate. Last year General Motors paid USD500 million for a minority stake in Lyft which is the second largest ride sharing firm in the country after Uber.

TechSci Research depicts that to fulfil the aim of various governments across the globe for reducing harmful gas emissions from the automobile sector, the companies are increasing the manufacturing and penetration of electric vehicles in the transportation sector. With increasing focus of these companies to promote the use of electric vehicles across the globe, the demand for electric vehicle infrastructure is expected to witness an increase in near future.

According to released report of TechSci Research “Global Electric Vehicle Infrastructure Market Forecast & Opportunities, 2021”, the global electric vehicle infrastructure market is projected to grow at a CAGR of 27% by the end of 2021. The growth is expected on account of increasing number of electric vehicles globally and governments’ policy to promote the adoption of electric vehicles. The development of battery technologies and enhancement in charging protocols is a big boost for electric vehicle infrastructure. The development of battery technology and universal charging protocols would lead to upsurge in demand for electric vehicles and expansion in market for electric vehicle infrastructure globally.