IMF data says electric cars aren’t just a fad. In a working paper, the Fund tracked the growth in electric car use against that of combustion engine motor vehicles and found that the connection runs almost parallel to the disruptive impact motor vehicles have had on the horse and carriage nearly a century ago. Using the horse-car parallel, the paper forecasts that by 2040 motor vehicles would mostly disappear in advanced economies and could comprise about a third of the fleet of all cars in emerging market and developing economies.

Want a glimpse of what you might be driving? We had the chance to check Tesla’s offerings recently and were impressed. And that was just a couple of weeks before the launch of the Model 3, of which Bloomberg has written: “Driving Tesla’s Model 3 Changes Everything:
We took one out for a spin, and have little doubt the age of electric cars has arrived.”