China's electric vehicle (EV) market continues to grow at an impressive pace, according to the latest research from Counterpoint. Their data reveals that China's passenger EV sales nearly doubled in 2022, growing by 87% YoY, with EVs now accounting for one in four cars sold in the country. Read More
The global push towards electrification of transportation is being accelerated by the implementation of various regulatory interventions. Such interventions are not only providing consumers with more confidence but are also giving automakers and investors clarity regarding the direction of travel. Read More
The electric mobility market in India has grown significantly over the past few years despite challenges in the ecosystem. There are six main categories used to classify the sector, and the graph below shows the players who participate in each of these categories. Read More
The automotive industry is currently experiencing a shift towards electric mobility, with an increasing number of carmakers pledging to phase out internal combustion engines and transition to fully electric vehicles. As governments around the world implement stricter emission regulations and consumers demand more sustainable modes of transportation, carmakers are setting ambitious electric vehicle (EV) targets to remain competitive in the market. In this context, we present a list of some of the major carmakers and their EV targets, highlighting the scale of their commitments to the electric future of transportation. Read More
Transitioning towards a fully electric fleet is necessary to combat climate change and reduce harmful emissions from transportation. As major car manufacturers compete to achieve this goal, it's important to evaluate their progress and advocate for strong policies that support the transition towards zero-emissions vehicles. Read More
The cathode market for EVs is evolving. This raises several questions: what cathode chemistry will dominate the market in 2030? What’s the future of LNMO, and what applications can it be most useful for? Who are the key suppliers of cathode materials? How are the cathode and battery cell markets influenced by increasing competition on subsidies between the EU, the US and China? This Market Intelligence Report aims to answer these questions. It presents leading battery cathode chemistries, compares their properties, and analyses their market dynamics. Read More
To ensure that British-made electric vehicles (EVs), batteries, and battery parts can be exported to international markets tariff-free and to sustain the nation's industrial potential, a recent study by SMMT suggests that the United Kingdom needs to expand and enhance its free trade agreements. Read More
It's doubtful that worldwide sales of internal combustion cars will ever reach their pre-pandemic levels, according to recent statistics provided by BloombergNEF (BNEF). According to data, the market for internal combustion cars, which includes conventional hybrids, reached its highest point in 2017 with 86 million passenger vehicles sold. However, with just 69 million vehicles in 2022, combustion vehicle sales were down nearly 20% from their high. In contrast, the number of plug-in cars increased to 10.4 million, up from little over 1 million in 2017. Read More
Demand for electric vehicles (EVs) is set to skyrocket as governments around the world aim to achieve net-zero emissions by 2050. This means that by 2035, all new cars sold must be electric, requiring over 70 million batteries annually for consumer EVs alone, according to the International Energy Agency. To meet this demand, gigafactories producing new battery capacity will need to increase from the current annual global manufacturing capacity of approximately 500 gigawatt hours to 3,000 gigawatt hours by 2025. Read More
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