A research by UBS global autos survey has predicted that one in every six cars will be electric by 2025.
They made the prediction on Tuesday after a survey noting that if transition in auto industries go the way it went in 2017 that by 2025 their prediction might become a reality.
According to the analysts led by Patrick Hummel, by the middle of the next decade, global sales of electric vehicles should hit 16.5 million.
Hummel expects Electric car giants Tesla Inc to benefit more from the electric car growth than any auto industry.
One of the reasons behind the upgraded forecast is a new dual-credit policy in China that makes electric-vehicle sales and production compulsory, according to the note.
Respondents in China were most likely to say they were considering buying an electric car, at 58 percent, while those in Germany were the least likely, at 14 percent. Higher-than-expected EV sales in 2017 also boosted the forecast, the analysts said.