Electric vehicle sales will likely jump over the next two to three years as prices fall and more options are made available, according to BlackRock’s global head of thematic and sector investing.
Customers will have more opportunities to move away from traditional combustion engines to electric vehicles and their options will not be restricted to only certain auto suppliers, Evy Hambro told CNBC’s “Squawk Box” on Thursday.
“I think we are at this tipping point of change,” Hambro said. “Over the next two years, we are going to see this massive extension of breadth of models, we are going to see price point of entry drop as well. We’re expecting to see a big lift in electric vehicle sales over the next two to three years.”
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