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.
Here's how to accelerate the electric vehicle revolution
Globally, electric vehicle (EV) sales grew 80% in 2021 and companies like Toyota and Volkswagen announced $170 billion of investment into electrification. Besides eliminating exhaust emissions and tackling part of the 23% of global CO2 emissions contributed by the transportation sector, EVs also provide key flexibility to the grid as we ...
China has an EV advantage but can it maintain its edge?
Jun 17, 2024 · Of the roughly 90 million light vehicles expected to be sold in 2024, only 17 million will be electric and a majority will be sold in China. Key to fuelling global demand is a willingness to address the hurdles prospective car buyers say stand in the way of them opting for an EV.
Major economies are now taking aim at China’s EV industry
Sep 16, 2024 · China’s electric vehicle (EV) industry faces a wave of unilateral trade restrictions in major export markets, heightening trade tensions between the world’s major economies. In May 2024, the United States increased tariffs on Chinese-made EVs from 25% to 100%, this follows its longstanding concern about China’s 'unfair trade practices.'
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.
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.
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.
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.
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.
What’s stopping people buying electric cars? | World Economic …
Jul 8, 2021 · The IEA says that global electric car sales rose by 140% in the first quarter of 2021 compared to the same period in 2020. China led the way with half a million new electric cars sold in the period, followed closely by Europe (450,000) and even in the US, EV sales doubled compared to the first quarter of 2020.