As a growing number of consumers turn to ride-hailing in shared cars that rack up more miles than personal ones, new light-vehicle sales growth will slow to a crawl. Photo: ReutersSouthfield/New York: Ride-hailing companies like Uber Technologies Inc. will see demand boom between now and 2040, hobbling global auto sales growth, according to a new study from IHS Markit. As a growing number of consumers turn to ride-hailing in shared cars that rack up more miles than personal ones, new light-vehicle sales growth will slow to a crawl. Right now, battery packs costs about $200 per kilowatt hour, said Tom De Vleesschauwer, transport and mobility practice leader at IHS Markit. Carmakers need to get costs down to about $100 per kilowatt hour to be competitive with a gasoline-powered car, IHS Markit said, forecasting price parity in the 2030s.

Source: Mint November 14, 2017 06:33 UTC