ABB Ltd. News

Elatec Partners With ABB To Bring Electric Vehicle Charging Payment To Mobile Wallet

The economics of electric vehicles (EVs) are hard to ignore – significantly cheaper to charge vs. fuel; up to 10x cheaper to maintain; a lifetime up to 2.5x as long as internal combustion engine vehicles and prices that continue to come down, driven by improving battery costs. These fundamentals are largely why the Bloomberg New Energy Finance 2019 Electric Vehicle Outlook suggests there will be 540 million EVs on the road by 2040: 500 million passenger vehicles and more than 40 million co...