Electric Car Trend Will Continue to Accelerate, Says BlackRock’s Bishop

The transcript discusses the rapid growth of electric vehicles, particularly in China, where the market has doubled compared to the previous year. Despite being a small percentage of global car volumes, electric vehicles are the only segment showing significant growth, driven by regulatory pressures such as the 2021 emission targets in Europe. The automotive industry is shifting towards electrification to avoid fines, with new models like the Audi E Tron and Mercedes EQ being launched. Investment opportunities are highlighted across the value chain, from raw materials to technologies and infrastructure, with a projected 50-fold market increase over the next 20 years.

What percentage of global car volumes were electrified last year according to the transcript?

• 1%

• 5%

• 10%

• 2%

What is the main factor driving the shift towards electric vehicles in Europe?

• Consumer demand

• Lower production costs

• Technological advancements

• Regulatory pressures

Which of the following car models is mentioned as part of meeting emission targets?

• Tesla Model S

• Audi E Tron

• Nissan Leaf

• Chevrolet Bolt

What is the expected annual growth rate of the electric vehicle market over the next 20 years?

• 25%

• 10%

• 15%

• 20%

Which area is highlighted as having a multiplier effect in the electric vehicle value chain?

• Battery recycling

• Marketing strategies

• Raw commodities

• Vehicle design