Besides being kinder to the planet, one of the greatest appeals of evs is that the running costs are significantly lower than their internal combustion engine (ice) counterparts. Despite worries about energy price hikes, using strategies like overnight home charging or free charging points available throughout the uk, it's still possible to run an ev at a much lower cost than ices. Plus, with the news that the organization of the petroleum exporting countries (opec) is planning to reduce crude oil production significantly in the coming year, the cost of fossil fuels is expected to rise. With all these factors added together, making the switch to evis becoming more desirable by the day.
Automakers are well-aware that without the interest of consumers in electric modes of transportation, they will not be able to successfully transition into the ev market. Other than rare magazine articles on electric cars or the niche publications about electrification, until recently mainstream media was largely devoid of the subject. Prior to 2021, there had been relatively little advertising attention given to electric vehicles. While traditional automakers have a history of heavily advertising, evs were clearly not their top priorities. In addition, the leading automaker in the ev market, tesla, is renowned for not advertising at all. Electric vehicles were essentially absent from advertising. https://www.washingtonpost.com/technology/2023/07/28/electric-car-rental-charging-routes-guide/
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The global ev outlook is an annual publication that identifies and discusses recent developments in electric mobility across the globe. It is developed with the support of the members of the electric vehicles initiative (evi). Combining historical analysis with projections to 2030, the report examines key areas of interest such as electric vehicle and charging infrastructure deployment, battery demand, electricity consumption, oil displacement, greenhouse gas emissions and related policy developments.
The report includes analysis of lessons learned from leading markets to inform policy makers and stakeholders about policy frameworks and market systems for electric vehicle adoption. This edition features analysis of the financial performance of ev-related companies, venture capital investments in ev-related technologies, and trade of electric vehicles.
Credit: afp data from bloomberg showed that for the first three quarters of 2022, byd, tesla, saic-gm-wuling, gac aion, and hyundai motor group (hmg) respectively account for 16%, 13%, 5%, 3%, and 2% of the global electric vehicle (ev) sales (battery ev and plug-in hybrid ev combined). Three out of the top five ev brands are chinese carmakers - although the order may change as we head into 2023, china's ev industry has indeed fast-tracked in the past couple of years with large production increases. In the year 2022, chinese carmaker byd has also unlocked many doors leading to the car market in europe, japan, and south america.