Electric car companies could soon have a much easier time making a product than they do today, according to a new study published by the American Chemical Society.
A new report from the American Chemistry Council and MIT’s Department of Energy predicts that by 2030, electric car manufacturing could be a $3.4 trillion market worth more than all of the U.S. auto industry.
The report also predicts that electric car sales could reach more than $1 trillion by 2030.
The study is based on data from the U,K.-based U.K.-owned Autocar, which is the industry leader in manufacturing electric vehicles.
Automakers are now looking to the future as they plan to move towards electric cars in the near future.
Tesla Motors, Ford Motor Co., General Motors Co., and Volkswagen AG have all made electric cars.
The latest model, the Model X, is available in China and Europe and is expected to go on sale in 2020.
While some electric car makers are focusing on developing cheaper, more fuel-efficient electric vehicles, the American chemistry council report suggests electric car production could soon become cheaper than the gas-powered car.
According to the ACS report, electric vehicle manufacturers have “significant advantages” in the industry compared to their gas-based counterparts.
Electric car makers currently produce at least 90% of their vehicles in-house, but this could soon change if electric car demand and the cost of production drops.
According the ACS study, electric vehicles could be cheaper to produce and sell than gasoline-powered vehicles within the next five years.
The ACS study also found that by 2035, electric cars could be significantly more fuel efficient than gasoline vehicles.
That means an electric car would cost less per kilometer than a gasoline car, but would be significantly cleaner, according the report.
The automotive industry has been plagued by a shortage of vehicles since the recession in 2009.
According a 2015 report from IHS Automotive, there are about 1.5 million electric vehicles in use worldwide and more than 1.2 million in the U., with the U-23 generation accounting for more than 60% of electric vehicle sales.
The number of electric cars sold in the United States has increased steadily over the past few years, with the majority of new electric cars being sold to consumers in the Midwest.
The American Chemistry Board’s report also highlights the growing importance of battery-powered cars as a way to reduce greenhouse gas emissions.
According, batteries and solar power could provide a way for electric cars to go 100% zero-emission within the near term.
The electric car could also become a viable alternative to the traditional gasoline car for some areas in the future.
“As electric vehicles become more affordable, the need for a gas- or diesel-powered vehicle will decrease.
In that regard, the electric vehicle industry may be poised to see significant growth as consumers demand more low-emissions vehicles,” said Andrew M. Capp, vice president of research and analysis at the American Council on Science and Health.
In the past, electric automobiles have only been available in Europe.
The International Automobile Manufacturers Association (IAM) estimates that more than half of the electric vehicles sold in North America are imported.
The IAM expects that by 2025, the number of EVs sold in Europe will exceed the number sold in America.