China, Europe, and the United States are the major markets for electric cars, accounting for about 95% of global sales in 2022. However, emerging market and developing economies (EMDEs) outside China account for only a small fraction of the global electric car market. One of the main challenges facing the adoption of electric cars in these countries is the high cost of electric cars, which remains too expensive for the majority of the population. Lack of access to reliable and affordable charging, as well as limited access to EV servicing, maintenance, and repair, can also be barriers. In most EMDEs, road transport is still largely based on smaller mobility solutions in urban centers, such as two- and three-wheelers, which have seen greater success in terms of electrification, as well as shared mobility for regional commutes. Read More
China, South Korea, and Japan are the three nations that dominate the world market for electrolytes. Asian businesses have recently made investments in a number of significant manufacturing facilities in Europe, including a 40 kt Shenzhen Capchem factory in Poland and a 100 kt Tinci plant in the Czech Republic. Lithium hexafluorophosphate (LiPF6) is the conducting salt that the majority of manufacturers utilise in their electrolytes. Read More
The world's leading automakers intend to invest almost USD 1.2 trillion through 2030 to design and manufacture millions of electric vehicles, as well as the batteries and raw materials required to support that manufacturing. Read More
Deployment of public charging infrastructure in anticipation of growth in EV sales is critical for widespread EV adoption In countries such as Norway, the deployment of public charging infrastructure has played a vital role in supporting the growth of EV sales. As of the end of 2022, there were 25 BEVs per public charging point in Norway, compared to 1.3 in 2011. This growth in EV sales can only be sustained if charging demand is met by accessible and affordable infrastructure, either through private charging in homes or at work or publicly accessible charging stations. Read More
In recent years, the growth of the electric vehicle market has led to an increase in demand for lithium-ion batteries, which are a crucial component of these vehicles. As a result, the global battery cell manufacturing industry has seen significant growth, with China leading the pack. However, a recent report by PSPA suggests that several European countries, including Poland, Hungary, the Czech Republic, and Slovakia, are starting to make a major impact on the lithium-ion battery supply chain. Read More
The global auto industry is undergoing a major transformation, with the rise of electric vehicles (EVs) leading the way. According to the International Energy Agency's (IEA) Global Electric Vehicle Outlook, over 10 million EVs were sold worldwide in 2022, and this number is expected to grow by 35% in 2023. This surge in demand means that EVs now account for 14% of global car sales, up from just 4% in 2020, and this is expected to increase further to 18% this year. Read More
According to our exclusive research, Tesla surpassed a German volume premium manufacturer's global delivery volumes during a quarter for the first time. AUDI AG is the first German premium volume manufacturer to witness its global quarterly volumes fall behind Teslas'. Read More
The global auto industry is undergoing a major transformation, with the rise of electric vehicles (EVs) leading the way. According to the International Energy Agency's (IEA) Global Electric Vehicle Outlook, over 10 million EVs were sold worldwide in 2022, and this number is expected to grow by 35% in 2023. This surge in demand means that EVs now account for 14% of global car sales, up from just 4% in 2020, and this is expected to increase further to 18% this year. Read More
Electric vehicles (EVs) are becoming an increasingly popular mode of transportation, with more and more people recognizing the benefits of driving a clean energy vehicle. However, for EVs to become fully mainstream and replace traditional gas-powered cars, building a robust public network of EV charging infrastructure is essential. Read More
The world's leading automakers intend to invest almost USD 1.2 trillion through 2030 to design and manufacture millions of electric vehicles, as well as the batteries and raw materials required to support that manufacturing. Read More
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