Electric car sales soar in Europe, but market barriers remain | World ...
Nov 13, 2023 · Continued barriers for electric car sales A recent report from Ernst & Young points to the positive effects that regulation, subsidies and incentives have had in terms of driving uptake. Other factors propelling sales are the perceived urgency to decarbonize and carmakers’ commitment to EV and battery manufacturing.
The dirty secret of electric vehicles | World Economic Forum
Mar 27, 2019 · Last year, 2.1 million new electric vehicles were sold worldwide. China is the world’s largest electric car market, accounting for 1.2 million - 56% of all electric vehicles sold in 2018. China also accounts for 99% of sales of electric trucks, buses, motorcycles and scooters.
The transition to EVs must be sustainable. Here's why
Apr 28, 2024 · Demand for electric vehicles is cooling in many markets, despite ambitious government targets. EVs are key in the switch to sustainable transportation, but changing too fast to EVs worldwide has implications for energy security and the economy.
Electric vehicle demand – has the world got enough lithium?
Jul 20, 2022 · The answer to the question is lithium, and the bad news for the world is that it potentially has nowhere near enough of it to power all the electric vehicle (EV) batteries it wants – and needs. Lithium is a non-ferrous metal known as “white gold”, and is one of the key components in EV batteries, alongside nickel and cobalt.
Electric vehicle sales leapt 55% in 2022 - The World Economic Forum
May 11, 2023 · Among recently announced initiatives are Japanese automaker Toyota targeting 3.5 million annual electric car sales by 2030; Ford announcing one-third of sales to be fully electric by 2026; and Volvo to become a fully electric car company by the end of the decade.
The electric vehicle revolution is set to go into overdrive
Sep 22, 2022 · The “Big Three” American car manufacturers are revving up electric vehicle production with orders at the ready while charging facilities are scaling in number and quality. The forthcoming boon in electric vehicle use could mean unprecedented demands on the power grid, so responsible usage in lieu of innovation to utilize electric vehicles ...
The surprising truth behind the world's electric cars
Mar 5, 2018 · China commands 40% of the global electric car market Image: REUTERS/Norihiko Shirouzu China’s coal consumption intensifies While China is among the nations working to curb the production of fossil fuel-powered vehicles, its appetite for coal has intensified in recent years, from a global share of 13.6% in the early 1970s to 44.5% in 2016.
These 3 elements are crucial to the future of electric cars
Feb 13, 2018 · As electric vehicles (EV) become more affordable, some are predicting that they will constitute almost a third of new-car sales by the end of the next decade. Ride-sharing continues to surge, with estimates that, by 2030, it will account for more than 25% of all miles driven globally , up from 4% today.
Mapping the rise of China’s autos and other global trade trends
Feb 9, 2024 · Now, the biggest importer is China. Same for Chile's abundant lithium, another electric car battery essential – much of that country’s “inorganic chemicals” (a map category that includes lithium) went to the US in 1995, well before China assumed the top spot.
These Countries Offer The Best Electric Car Incentives to Boost Sales
Jun 29, 2021 · While the pandemic oversaw a global car sales drop of 16%, electric car registrations grew by 41% in 2020, according to the International Energy Agency (IEA). That rise meant that there were around 10 million electric vehicles out and about on the world’s roads by the end of last year.