SINGAPORE (May 20): The march of electric vehicles (EVs), is advancing at a steady clip, with commercial vehicles starting to grow significantly in addition to passenger vehicles. EVs are on track to dominate global sales of passenger cars and buses by 2040, and to encroach significantly on the market for vans and short-distance trucking, according to the Electric Vehicle Outlook 2019 report by research firm BloombergNEF (BNEF).

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