The speed and scale of the shift has slingshotted China past the U.S. and every other nation in the transition to electric vehicles, while also positioning Chinese automakers near the front of the pack to dominate the market for years to come. In both July and August of 2024, for example...
How big is the opportunity? Consider the number of passenger cars and trucks on U.S. roads. Today, there are more than 270 million vehicles, of which about 1.6 million are electric. By RMI’s analysis, if we use our shared carbon-reduction goals as a benchmark for determining the pace...
Another new trend in global NEV market is the rise of plug-in hybrids. Favored for its advantages in addressing consumers’ milage anxiety and reliability in the absence of charging stations while providing a more affordable option for those going green, hybrid plug-in electric vehicles (HPEV) ...
Another new trend in global NEV market is the rise of plug-in hybrids. Favored for its advantages in addressing consumers’ milage anxiety and reliability in the absence of charging stations while providing a more affordable option for those going green, hybrid plug-in electric vehicles (HPEV) ...
"We want to be a very large part of Changzhou's new energy vision, and we want to get to scale here and grow very big in this location," Heinemann added. LOW-CARBON CITY LIFE The concept of green development has enabled Changzhou not just to prosper economically and reduce carbon emissio...
The electric vehicle (EV) industry is set for another year of growth. The sales of passenger EVs in the U.S. is set to grow by 31% from 2023 to 2024, according to aBloomberg estimate. While the market is expanding, sustained consumer appetite may be a problem – some vehicle manufactur...
The plug-in electric vehicle (PEV) is recognized as a pivotal component in transportation energy security and technology innovation in China. With government incentives and substantial capital investments, the Chinese PEV market has become one of the largest in the world. However, is this market ...
Electric vehicle (EV) usage is rising but manufacturers should consciously measure the residual values to help users determine the total cost of ownership. In brief Measuring the residual value of EVs has several considerations, including market demand, technology, and policy. EV residual ...
Many people don’t realize how cheap EV home charging is versus gasoline. But public fast-charging is far more expensive.
The two-wheeler market is projected to have a compound annual growth rate of 8.7 percent through 2029 when it will reach a value of about $218 billion. Although relatively few two-wheelers are now electric, this could soon change (Exhibit 1). In India, for instance, only about...