We are at the beginning of a game-changing revolution in the way we power our vehicles that will substantially impact the quality of our environment. Our climate is on the precipice.
Environmental concerns exemplified by increasingly severe storms, wildfires, and record-breaking temperatures are becoming the new purchase consideration drivers. We must act before it’s too late to turn back.
Significant change is necessary and coming. It will be achieved with continued alignment of government policy, consumer choices, and technology innovation in radically new ways. Electric Vehicles are heading this way. In fact, few industries are primed for quicker growth over the next decade than the EV sector.
Electric vehicles are expected to see robust demand growth in the coming years. Supportive governmental policies, falling EV production costs, improved performance, and the development of charging infrastructure are some of the factors supporting the growth of electric vehicles.
Canada, the United Kingdom, Iceland, the Netherlands, Sweden and Norway all plan to phase out the sale of new internal combustion engine (ICE) vehicles by 2030 or 2035.
Global EV sales grew 160% to 2.6 million electric vehicles in the first half of 2021.
U.S. EV sales are projected to reach 440,000 units this year, up from 262,000 in 2020 and 253,000 in 2019. That number will keep rising as consumers realize EVs are not disruptive to their daily habits.
Tesla is 100 percent electric. Ford Motor Co. expects to sell only electric vehicle in Europe by 2030. Ford also expects 40 percent of its global vehicle sales volume to be electric by 2030. General Motors has vowed to sell only zero-emissions models by 2035. Stellantis NV, the successor to Fiat Chrysler, has said it is targeting over 70 percent of sales in Europe and over 40 per cent in the USA to be “low emission vehicles,” meaning either electric or hybrid, by 2030.
EV Trend promotes electric vehicle adoption and serves as an information hub for owners, drivers, electric vehicle enthusiasts, and prospective buyers. EV Trend will tell you what electric vehicles and technology is currently available. What’s coming. And what the industry is working on.
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