Electric vehicles to take center stage in 2025

By Kim Tae-gyu

Everybody knows that the future belongs to electric vehicles. But the difficult part is to answer exactly when ``the future’’ is, an issue that has prompted diverse responses from experts.

Here is an insightful answer from a top executive of the world’s foremost automobile component maker, Bosch, who says the future will be in some 15 years, around 2025.

``We see the market for electric vehicles will be on the lower side until 2020 when their market share will be 3 to 5 percent, which is quite a niche market,’’ Bernd Bohr, chairman of Bosch’s automotive group, said late last week on the sidelines of its biennial press colloquium at its offices in Boxberg, Germany.