Electric cars still also costly for a few customers

Global car executives have said that electric cars will maybe be too expensive for place of work use in the next five years.

A KPMG survey has said the car bosses consider electric cars will not be reasonably priced without government subsidies.

Some governments have by now introduced incentives to purchase electric vehicles.

While carmakers are investing in electric vehicles to decrease carbon emissions, they believe it will obtain a while for the overall market to become inspired about electric cars.

But they have said after five years it will be the highest growing sector in the market.

91% of consumers cited fuel efficiency as the single most important factor when selecting a new car.