The report predicts that EVs – that is both hybrid and pure electric cars – will make up more than one-quarter of the global car market within just 10 years, their numbers growing from around 1 million today to around 25 million in 2025. “Over the next 10 years, our sector analysts forecast sales to increase by a (compound annual growth rate of 26 per cent, expanding market share from 3 per cent today to 22 per cent in 2025,” the report says. But as the report also notes, such significant market growth will require equally significant changes to key market drivers like cost and performance, before consumers will become inclined to make the change. Fortunately, Goldman auto analysts believe these changes are underway, courtesy of four key technological shifts.