In 2017, for the first time, new EV sales passed one million units globally. What is more spectacular is that they are expected to exceed two million by the end of this year. By 2020, EV producers could double that number and reach 4.5 million. According to McKinsey, these numbers represent about 5 percent of the global light-vehicle market and are expected to reach nearly 35 percent by 2030.

This means that in less than 15 years from now, every third car ...