Key View: We expect Brazil to drive the adoption of EVs in the Latin America region in volume terms due to its large driving age population and well
READ MORE2024. Get the executive summary. Overview. Download Executive Summary. Authors. The Electric Vehicle Outlook is our annual long-term publication looking at how electrification, shared mobility, autonomous
READ MOREWithin the context of the climate change, electric vehicles (EV) become an option for the decarbonization of the transport sector. This paper evaluates the economic attractiveness
READ MOREIn view of the improvements in vehicular efficiency, LTA implemented a downward revision in road tax for electric cars from 1 January 2021. We aim to make it more attractive to own and use electric cars through incentives and rebates such as the EV Early Adoption Incentive (EEAI) and Vehicular Emissions Scheme (VES) to narrow the upfront cost gap with ICE
READ MOREThe share of electric cars in total sales has increased from around 4% in 2020 to 18% in 2023. EV sales are expected to continue strongly through 2024. Over 3 million electric cars were sold in the first quarter, about 25% more than in the same period last year. We currently expect to see around 17 million in sales by the end of 2024
READ MOREExecutive Summary This paper identifies and quantifies major determinants of future electric vehicle demand to inform widely held aspirations for market growth. Our model compares three channels that will affect electric vehicle market share in the United States from 2020 to 2035: intrinsic (no-subsidy) electric vehicle demand growth, net-of-subsidy
READ MOREAccelerating the rate of electric vehicle (EV) adoption is an objective of many countries to mitigate and ameliorate negative externalities arising from the use of fossil fuels for personal motorised transportation including: greenhouse gas (GHG) emissions, air pollution and noise, as well as increasing energy security and reducing budget deficits.
READ MOREThe 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
READ MOREElectric vehicle buyers: PEV buyers (those that purchase or lease a PEV) are mostly male, high-income, highly educated, homeowners, who have multiple vehicles in their household, and have access to charging at home. In California, the largest and most researched PEV market in the US, buyers have a mean income of $190,000 per year, 81% own their
READ MOREThe top 5 countries with the highest share of EV sales are Norway (all-electric vehicles made up 80% of passenger vehicle sales in 2022), Iceland (41%), Sweden (32%), the Netherlands (24%) and China (22%), according to our analysis. China''s place on this list is especially significant considering it is the biggest car market in the world.
READ MOREDespite its national preference for sugarcane cars, Brazil is pushing ahead with production of full battery electric vehicles (BEV). BYD plans to begin assembly by
READ MOREZEV mandate. British Columbia: 10% ZEV sales by 2025, 30% by 2030 and 100% by 2040. Québec: 9.5% EV credits in 2020, 22% in 2025. New Energy Vehicle dual credit system: 10-12% EV credits in 2019-2020 and 14-18% in 2021-2023. California: 22% EV credits by 2025. Other states: Varied between ten states.
READ MOREOur passenger vehicle electrification models provide decision makers with a holistic perspective on passenger EV adoption on a country level for different scenarios. The
READ MOREGovernment''s Measures to Promote the Use of Electric Vehicles Electric Vehicles (the Roadmap) on 17 March 2021, setting out the long-term policy objectives and plans to promote the adoption of EVs and their associated supporting facilities in Hong Kong. The Roadmap will guide Hong Kong''s future direction to attain zero vehicular
READ MOREAfter a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019, and representing a 1% stock share. Battery electric vehicles (BEVs) accounted for two-thirds of new
READ MOREadoption of electric vehicles (EVs) in the UK. The focus of this work was on passenger cars and other light-duty vehicles, among private and commercial buyers, including public sector procurement. A behavioural approach We have applied a behavioural lens to our analysis throughout this research, which means that the
READ MOREVelandia Vargas JE, Seabra JEA, Cavaliero CKN, Walter ACS, Souza SP, Falco DG. The New Neighbor across the Street: An Outlook for Battery Electric Vehicles
READ MOREApril 23, 2022 The electric vehicle landscape is rapidly changing as both technology and interest evolve, and the coming years will see many more EVs take to the roads, seas, and skies. In the US, electric vehicles sales have climbed by more than 40 percent a year since 2016. By 2035, the largest automotive markets will be fully electric—providing both a
READ MOREA new IEA report shows that Chinese manufacturers are responsible for boosting the sales of electric vehicles in emerging markets, including Brazil. Declining
READ MORETo support the evolution to hybrid and electric vehicles (EV) in Brazil, both the public and private sectors are carrying out several recharging infrastructure
READ MOREThe increased crude oil price in recent days due to Russia Ukraine conflict and other external conflicts has forced to accelerate the deployment of electric vehicles as the mainstream transport in India [35].Furthermore, the Indian government''s stringent emission norms, scrap policy, and environmental awareness have made a revolution in
READ MOREABVE, representing prominent electric automakers such as Chinese giants BYD and Great Wall Motor Co, has predicted that Brazil''s total sales of electric vehicles
READ MOREEV adoption will vary by country. The EV share of sales in some markets will be higher, with EVs reaching 39% of sales in 2025 in China and Europe. Germany, the UK, and France are predicted to
READ MOREExecutive Summary. Republic Act 11687, or the Electric Industry Development. Act (EVIDA), mandates a 5% electric vehicle (EV) share in the vehicle fleets of government and corporate entities. Local government units are also given additional powers and functions by the EVIDA towards electric vehicle adoption.
READ MOREEurope and China have similar adoption rates as a percent of volume, running somewhere close to 20 to 25 percent of new vehicles sold. But then, in the US, we have tended to be slower in terms
READ MORE1 · Over the next four years, passenger EV sales are expected to grow at an average annual rate of 21%, compared to 61% from 2020 to 2023. The share of EVs in global new
READ MOREAn electric vehicle (EV) is a vehicle that uses one or more electric motors for propulsion.The vehicle can be powered by a collector system, with electricity from extravehicular sources, or can be powered autonomously by a battery or by converting fuel to electricity using a generator or fuel cells. EVs include road and rail vehicles, electric
READ MOREAdvancements in energy-efficient sustainable mobility technologies like electric vehicles are considered as one of the essential responses to minimizing the greenhouse gas emissions from the transportation sector. In spite of financial and non-financial incentives being provided to both consumers and manufacturers in India, the
READ MOREBrazil will end a tax exemption for importing electric vehicles, gradually raising the duty to 35% over three years, Industry Ministry official Uallace Moreira told
READ MORENorth America gets an electric-vehicle boost. The US market almost doubled to 360,000 EV units, mainly because of the strong sales performance of Tesla''s Model 3. Tesla sold 140,000 Model 3 cars in 2018, making it the best-selling EV in the United States (40 percent market share) and globally (7 percent). For the first time in the
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