A global move towards EV use could make significant headway by 2020, according to consultants to the World Bank.

PRTM estimates that global sales of plug-in vehicles are likely to make up 10 percent of new vehicle sales by 2020.

Oliver Hazimeh, Director and Head of the Global e-Mobility Practice at PRTM said: “The shift from combustion to electric vehicle technologies presents an opportunity to rethink mobility strategies worldwide, and to create a new generation of mobility options. We will see significant technological and business model innovation as we move toward a new urban mobility paradigm.”

The findings are part of the consultancy firm’s study called The China New Energy Vehicles Program: Challenges and Opportunities.