Electric vehicle demand – has the world got enough lithium?
Jul 20, 2022 · Lithium is a non-ferrous metal known as “white gold”, and is one of the key components in EV batteries, alongside nickel and cobalt. But rising demand for Electric Vehicles is straining global lithium supplies. Global EV purchases jumped to 6.6 million in 2021 from 3 million a year earlier, meaning that EVs made up 9% of the market ...
The dirty secret of electric vehicles | World Economic Forum
Mar 27, 2019 · 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 US came a distant second with 361,000 new electric cars sold in 2018, almost half of which were the new Tesla 3 model.
What’s stopping people buying electric cars? | World Economic …
Jul 8, 2021 · Reasons for the slow uptake of electric vehicles vary between countries. A UK survey found the most common reason for not buying one was a lack of fast charging points (37%) followed by concerns about range (35%) and cost (33%). Although two-thirds of Americans surveyed by Pew Research agreed electric cars are good for the environment, a ...
Electric vehicle sales leapt 55% in 2022 - The World Economic Forum
May 11, 2023 · Listen to the article. Global sales of electric vehicles (EVs) increased by 55% in 2022 from the year before, according to data from the EV Volumes sales database. China remains the world’s largest EV market, with 59% of global sales. World Economic Forum estimates annual EV sales need to increase 18-fold by 2030 to meet global emissions targets.
Electric car sales soar in Europe, but market barriers remain | World ...
Nov 13, 2023 · Andrea Willige. Electric vehicle (EV) sales are surging, especially in Europe, where the market grew by 62% in the past 12 months. Mass-market EV adoption still faces barriers such as their high cost and lack of charging infrastructure. Supply chain issues also need to be addressed to ensure the production and affordability of electric cars, a ...
The electric vehicle revolution is set to go into overdrive
Sep 22, 2022 · General Motors (GM), Ford Motor Company and Stellantis (which last year absorbed Chrysler) have already announced how they will secure sufficient battery materials. Each will supply enough materials to build between 600,000 and five million electric vehicles by 2023 to 2030. GM has already announced that an electric Sierra pick-up would be ...
The surprising truth behind the world's electric cars
Mar 5, 2018 · According to BNEF’s data, electric vehicles in China produce 188.5 grams of carbon dioxide (CO2) emissions per mile, the most of any country globally. In comparison, electric vehicles in the United Kingdom produce just over 76 grams of CO2, while in France just 2.7 grams are produced per mile. The eco benefits outweigh the energy concerns.
More electric cars are now sold every week than in the whole of …
Feb 18, 2022 · Think back a decade. In 2012, the nascent electric vehicle (EV) market was starting to gain momentum, with global sales of 130,000 cars. Today, that number of electric cars is sold every week. While the market for petrol and diesel cars has been dampened by the economic fallout from COVID-19, demand for EVs continues to increase.
China has an EV advantage but can it maintain its edge?
Jun 17, 2024 · Some 97% of 1,000 China-based respondents to our study said their next vehicle purchase is likely to be an EV, compared to 35% in the US and 43% in Europe. Chinese consumers are overwhelmingly willing to consider a domestic model. Bottom line: China has a clear advantage in the EV race. But that could change. Our study, which polled a total of ...
5 innovators making the electric vehicle battery more sustainable
May 3, 2021 · 1. Redwood Materials. Nevada-based Redwood Materials aims to become the world’s top battery recycling company. It also hopes to create a circular or ‘closed loop’ supply chain by retrieving, recycling and recirculating raw materials such as cobalt, copper and nickel from end-of-life batteries.