Wed. May 29th, 2024


Key Points:

  • Sales of electric vehicles (EVs) doubled in 2021 and jumped 55% in 2022, reaching 13% of all vehicle sales.
  • OEMs are adapting their vehicle lineups to meet deadlines for EV transitions, with the European Union mandating the end of CO2-emitting car sales by 2035.


Technology is driving e-mobility into the mainstream, with a significant increase in sales of EVs globally. The adoption of EVs has been rapid, with sales doubling in 2021 and jumping 55% in 2022, accounting for 13% of all vehicle sales. OEMs are transitioning their vehicle lineups to meet EV deadlines set by the European Union. Despite the growth in sales, challenges remain, such as advancing battery technologies, rollout of charging infrastructure, and standardizing charging technologies. Collaboration with ecosystem partners, including governments, is crucial to make EVs more appealing to cost-conscious buyers. The future of e-mobility looks promising, with advancements in vehicle technology and charging infrastructure expected to enhance performance and reduce costs. However, OEMs must prioritize safety and security in integrating advanced features and data ecosystems in EVs.

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