The development of the infrastructure for charging EVs is a top priority for many national governments. The IIJA law in the US has set aside US$7.5 billion for EV infrastructure grants and projects. Such financing and initiatives should provide the EV charging infrastructure the initial boost it needs to grow. Read More
The cost of lithium-ion battery packs has increased for the first time since BloombergNEF (BNEF) started monitoring the industry in 2010. This is due to rising raw material and battery component prices as well as skyrocketing inflation. After more than ten years of decreases, the volume-weighted average price for lithium-ion battery packs across all industries has risen to $151/kWh in 2022, a 7% increase from the previous year in real terms. Higher adoption of less expensive chemistries like lithium iron phosphate was overtaken by the rising cost pressure on batteries (LFP). BloombergNEF anticipates that prices will continue to defy past tendencies by remaining at current levels in 2019. Read More
As in many countries, the roll-out of charging infrastructure in the UK is critical to the transition to electric vehicles (EVs). The UK charging infrastructure network needs to be expanded quickly, not only because EV ownership keeps growing rapidly, but also to reduce range anxiety and provide people who do not yet own an EV with the confidence to purchase one. This means that charging points need to be in the right place and of the right type, with more offering smart charging and vehicle-to-grid capability. Moreover, the existing network will have to be technologically compatible with next-generation batteries, but needs to be future-proofed with respect to evolving charging behaviour. Read More
Nearly 4,5 million electric vehicles (BEVs 2,3 million) and (PHEVs 2 million) will be on the road in Europe by 2022. BEV and PHEV together account for 9% of the market in 2021, or 870.000 newly registered cars. It should be mentioned that, as of 2019, the combined market share of BEVs and PHEVs is more than 3%. The point at which new technology becomes more commonplace and changes in market share become exponential is sometimes seen as being 3% in the market acceptance of new types of products. Nearly 20% of all newly registered vehicles in the EU27 in 2021 will be BEV and PHEVs, on average. Read More
A rapid rollout of zero-emission trucks (ZET) is a much-needed and efficient solution to combat the high emission levels from road freight and clean-up vehicles on European highways. It is essential to fully decarbonize the EU truck fleet if we want to meet our 2050 climate neutrality goal. First-mover hauliers have a strong demand for them, and by 2030, 44% of new truck sales will be zero emissions if European truck manufacturers keep to their stated promises. Even then, some manufacturers want to sell 60% ZET. Read More
Indonesia is putting its economy in place to be a significant player in the market for electric vehicles (EVs). Read More
Target-setting for zero-emission commercial vehicle market activity is progressively giving way to execution. Read More
Countries across the EU-27 have set an increasing number of objectives for the phase-out of conventionally fuelled vehicles. Read More
The market trends and advancements for battery electric vehicles (BEVs) have been examined by ACEA. While China is presently in front of Europe and the US in terms of electrifying the auto industry, the European market will recover in 2025 and regain the lead over the other global regions by 2030. Read More
Several major automakers have already said that by 2030, 100% of their new vehicles would be totally electric. By 2040, even more will have reached this milestone. However, several drivers are still revving their engines on the starter's block, risking being passed by the competition. Read More
