Stated goals (using subsidies)
Ireland: 10% of electric cars (EC) by 2020
Germany: 1 million EC cars by 2020
Spain: 1 million EC by 2014
UK: 11.000 recharging points, no date, 150 million pounds
China: 1.5 billion U$ to become the largest producer of electric cars.
Many other countries give subsidies or exempt EC from vehicle taxes.
"... by 2025, all passenger cars sold in Europe will be electric or hybrid"
It's true that charge costs are 1/3 of gas price, but the cars (that is, the batteries) cost around 15.000 dollars more. It takes like 10 years to recoup the investment. We should invest in battery makers shares.
I read that this car development is going to cost a pile of money. BMW intends to sell the technology to Citröen, Peugeot and Saab after the initial investment. It's way ahead of time, so they are betting. However, this could mean a big shift in brands.
China is decided to take advantage of the opportunity, by taking the lower part of the market. For example, Warren Buffet is investing in BYD.
Interestingly enough, the people behind this are cellphone battery makers. They are making more money than car manufacturers on every car...