As the EV market continues to grow, so too will the demands on logistics. Future challenges include managing the recycling and disposal of used lithium-ion batteries, further expansion of charging infrastructure, and navigating the logistics of self-driving electric vehicles. ...
Macro-trends driving the battery market 1.Battery is a key technology for new concepts of nobility and energy (e.g. electric mobility, stationary storage) supported by the following tends: 1.1 Population increase and city growth challenging existing mobility and energy solutions 1.2 Shift in energy...
The global EV Charging Station Market is estimated to be worth USD 7.3 billion in 2024 and reach USD 12.1 billion by 2030 at a CAGR of 8.8% over the forecast period. The growth of EV charging stations is driven by factors such as increased global EV sales and the need to expand charging...
For the first time in US history, sales of EVs – both plug-in hybrids (PHEVs) and battery electric vehicles (BEVs) – finished above the 1 percent market share level for the entire year. While EV sales increased 26% in 2017 over 2016, overall light vehicle sales actually declined by ...
TMTPost -- China’s top electric vehicle manufacturer BYD Co. Ltd. set a relatively conservative growth target for the year 2024 in face of fierce competition in the EV market. Credit:Transport Buearu of Shenzhen Municipality BYD aims to increase its sale by more than 20% on the top of ...
To tap into China's fast-growing electric vehicle (EV) market, Volkswagen Group, a veteran German carmaker, reached an agreement in July to buy a 4.99-percent stake of Chinese EV startup Xpeng for 700 million U.S. dollars and co-develop two EV models for the Chinese market. ...
Discussing the market outlook, Associate Director Brady Wang said, “The growth trajectory of China’s passenger EV market is expected to continue throughout 2023. Other supportive policies have been implemented to boost the market’s growth after the elimination of NEV purchase subsidies. In May,...
China's new-energy vehicle market has been steadily advancing in recent years, with sales of such vehicles up 32 percent in the first half of 2024, creating enormous demand for charging facilities in the country. In the plan, China pledges to expand charging infrastructure for electric vehicles...
According to MnM analysis, India is estimated to be the fastest-growing market. The Indian government has strongly endorsed electric vehicle development and aims to be a 100% electric-vehicle nation by 2030. The country has registered EV sales of more than 12,43,200 units making a 154% year...
Even in the best-case scenario, the pandemic will have a lasting economic impact, resulting in three to five years of recovery to return to 2019 sales levels. Despite the economic impacts to the LDV market, plug-in EV (PEV) sales are proving more resilient than the rest of the market,...