Drive Electric’s Post

https://lnkd.in/gMSDinp Clean Edge's latest Data Dive: "EV Deployment by Country, 2012-2022." Global sales of #electricvehicles grew 55% over 2021, exceeding 10 million for the first time. This came in a year when total car sales were down 3% overall. By the end of 2022, more than 26 million electric vehicles were deployed globally. #China leads the #EV market in total sales and stock, but EU nations lead in terms of EVs as a percentage of total new vehicles sold; nine of the top 10 markets on a percentage of total basis are in Europe. According to the International Energy Agency (IEA), about 21% of all cars sold in Europe last year were electric and globally, we should see EVs account for approximately 18% of global vehicles sales in 2023. [i] https://lnkd.in/gwHV9qYN

In our latest addition to the In-Depth article series, we explore the evolving landscape of electric vehicle adoption across the European Union. Despite a record 1,5 million units registered, revealing a 37% increase from the previous year, disparities persist across member states. With EVs now holding a 14,6% market share, the journey towards electrification is both promising and uneven. The analysis uncovers factors influencing these varying adoption rates, from economic strength to charging infrastructure, and highlights the critical role of policy and incentives. Dive into the full article for a comprehensive overview #electriccar #EV #charginginfrastructure https://lnkd.in/dEXUyyV7

Electric cars are here to stay. According to a new report, more than 1 in 5 cars sold globally will be an electric car. "In its new Global EV Outlook 2024, the International Energy Agency (IEA) said electric vehicle (EV) sales will reach 17 million this year — up from 14 million in 2023. In 2024, EVs are projected to make up roughly one out of nine cars sold in the United States, one in four in Europe and 45 percent of total car sales in China, an IEA press release said." “Electric cars continue to make progress towards becoming a mass-market product in a larger number of countries,” the report said. “Tight margins, volatile battery metal prices, high inflation, and the phase-out of purchase incentives in some countries have sparked concerns about the industry’s pace of growth, but global sales data remain strong.” #electriccars https://lnkd.in/ghFqWB-5

The Perplexity of the Day from GSG's ”The Wrap” with all the negative news about electronic vehicles or EVs as they are called one would think that there are less EVs being sold or the people aren't buying them however when you look at the world.. it is a progression. --->>> how is the EV Market going. https://lnkd.in/gKKyGUxH According to the article from DW, the electric vehicle (EV) market is expected to see strong growth and reach new records in 2024[1]. The International Energy Agency (IEA) forecasts that global electric car sales will hit 17 million this year, up from 14 million in 2023[1]. More than one in five cars sold globally is set to be electric[1]. China is leading the EV market, with electric cars expected to account for 45% of all car sales in the country[1]. Europe is also seeing strong growth, with EVs projected to make up 25% of car sales, while in the US, the share is expected to be 11%[1]. However, the article notes that growth in Europe is being slowed by a generally weak outlook for passenger car sales and the phase-out of subsidies in some countries[1]. Lower profit margins, instability in raw material prices for batteries, high inflation, and the end of subsidy programs have raised concerns about the sector's growth[1]. Despite these challenges, the IEA's Director Fatih Birol states, "Rather than tapering off, the global EV revolution appears to be gearing up for a new phase of growth."[1] The agency predicts that by 2030, around one in three cars in China, one in five in Europe, and one in five in the United States will be electric[1]. Citations: [1] Electric cars sales expected to rise to new record in 2024 – DW – 04/24/2024 https://lnkd.in/gKKyGUxH

Four astonishing facts about global EV sales from the new International Energy Agency (IEA) report: 1️⃣ More than 1 in 5 cars sold globally in 2024 is electric. 2️⃣ The number of EVs sold globally in Q1 2024 is roughly equivalent to that in all of 2020. 3️⃣ In 2024, electric car sales in China are projected to jump to about 10 million - about 45% of all car sales in the country. In the US, roughly 1 in 9 cars sold are projected to be electric. In Europe, EVs are set to represent about 1 in 4 cars sold. Growth also picked up in some emerging markets such as Vietnam and Thailand, where electric cars accounted for 15% and 10%, respectively, of all cars sold. 4️⃣ The number of public charging points installed globally was up 40% in 2023 relative to 2022, and DC fast charger growth outpaced that of Level 1 and 2 chargers. Read more! 👉 https://ow.ly/oCAg50RntZ8 #EVs #electric #auto

The International Atomic Energy Agency (IAEA) predicts that this year, approximately 17 million EVs and plug-in hybrids will be sold worldwide, marking a new record. China leads in EV sales, with an expected 10 million units sold. Europe and the U.S. follow, with 3.4 million and 1.7 million units respectively. Despite some challenges faced by traditional automakers, the EV market is showing significant growth globally. This growth underscores a long-term trend towards greater adoption of EVs, with over one-fifth of global vehicle sales expected to be electric or plug-in hybrids this year. Learn more here: https://bit.ly/4bgyA1m #fleetmanagement #fleetmanager #electricfleet

NEW: Exponential growth in #EV sales is transforming the auto sector faster than currently predicted, due to falling costs, improved technology and government support - according to two analyses from RMI and #SystemsChangeLab. EVs are now set to surpass two-thirds of global car sales by 2030. Later-adopting countries, such as India and Israel, are accelerating EV deployment at faster rates than the global average, meaning they have a chance to catch up with the front-runners, such as China. This growth puts at risk nearly half of oil demand. Oil demand for cars peaked in 2019 and is now bouncing along a plateau - and will be falling by at least 1 million barrels per day every year after 2030, according to the RMI forecasts. That is equivalent to eliminating all new growth in demand for oil from 2030. Though the acceleration of EV sales is happening at different times in different countries, once these sales reach 1%, they accelerate up an S-curve. Learn more about EV sales and exponential growth in the new #SystemsChangeLab research: https://lnkd.in/e7AX83Fj World Resources Institute #ElectricVehicles #ElectricVehicleRevolution #SystemsChange #CleanEnergy #transport #transportation #TransportIndustry #CarIndustry #EVindustry #ClimateAction #Renewables #Future #AutoSector

‘Electric vehicles are the key technology to decarbonise road transport, a sector that accounts for over 15% of global energy-related emissions.’ - International Energy Agency (IEA) The IEA estimates that almost one in five new cars sold in 2023 will be electric. Electric vehicles are the ‘key technology to decarbonise road transport’. Critically: ‘If the growth experienced in the past two years is sustained, CO2 emissions from cars can by 2030 be put on a pathway aligned with the Net Zero Emissions by 2050 (NZE) Scenario.’ #electricvehicles #netzero ElectriX Roger Atkins Women Drive Electric Ade Thomas Transport + Energy Guy Spence Amanda Clancy Simon Stacey

Australia's EV industry is on the move. Sales of electric and hybrid vehicles in the first half of the year amounted to 46,624, accounting for 8.4% of the total market. Explore our latest analysis to discover the key factors shaping Australia's EV sector today.