The global electric vehicle (EV) market is experiencing significant growth, with Chinese companies dominating the industry. EV sales have surged worldwide, with Australian EV sales increasing by 185% since 2022 and US EV sales surpassing 1 million, marking a 50.7% year-over-year increase. As gas prices soar, Nigerian delivery riders are switching to EVs and e-bikes. The surge in EV sales has led forecasters to accelerate their projections for when global oil use will peak, potentially signaling the end of the oil age. Despite concerns about faltering EV demand, the data indicates otherwise, with EVs accounting for over 15% of the global passenger vehicle market and pure play EV makers gaining significant market share. The surge in EV sales is also reshaping the auto supply chain and accelerating the end of the oil age, as delegates at the COP28 climate conference express alarm about the world's addiction to fossil fuels.
Americans bought over one million electric vehicles in 2023 https://t.co/t6Ktq0efKc
Historic: US EVs skyrocket past 1 million sales, up 50.7% YOY🔥 https://t.co/k6dC9qG7EO by @michelle0728
Growing sales of electric vehicles in recent years have led forecasters to speed up their projections for when global oil use will peak, but some fear the electric vehicle revolution could run out of juice before it has a chance to save the world https://t.co/Osx7I2bnxE https://t.co/5uE24ll6fo
At the COP28 climate conference in Dubai, there was alarm about the world’s addiction to fossil fuels. But as electric vehicle sales surge, might the end of the oil age be closer than delegates think? https://t.co/dvMPJ7iryp https://t.co/zYddHV7qLj
Europe’s Auto Makers Laud EU/UK Electric Battery Tariff Extension https://t.co/svw8PEMCbS
In Nigeria, where until recently EV usage was “likened to the number of humans residing on Mars,” an abrupt spike in fuel prices has led many delivery riders to try e-bikes https://t.co/ewq0cBNaQ3
Growth of electric vehicle sales in recent years have led forecasters to speed up their projections for when global oil will lose its peak, might the end of the oil age be closer than delegates think? https://t.co/Osx7I2bVnc https://t.co/aUAyynbGbP
There is plenty of hand-wringing on display at the COP28 summit about the pace of reducing the consumption of fossil fuels. But one positive that delegates can point to is the growing fleet of electric vehicles that is already making a big dent in demand https://t.co/dvMPJ7iryp https://t.co/7rMZu92dt9
A lot of news outlets are reporting that the EV revolution in America has "stalled". So why do U.S. sales of EVs keep going up and up? https://t.co/SK6kqbprxH
Women buy more than 60 percent of all new cars sold in the US, so why are the designs so macho? EVs are a chance to right that wrong. https://t.co/AuJmLHdYXq
Women Buy More Cars, So Why Are the Designs So Macho? https://t.co/VZX1ePUq2Q
Women Buy More Cars, So Why Are the Designs So Macho? https://t.co/oaWe825IgS
Global EV #battery installations surged 44% y/y in Jan - Oct, Chinese battery producers' market share rose to 63.3% - research https://t.co/tE4cb2ZU3O
Growing sales of electric vehicles in recent years have led forecasters to speed their projections for when global oil use will peak, as subsidies and technology help consumers overcome the sometimes eye-popping sticker prices for battery-powered cars https://t.co/V1EGQ5UVG6
Growing sales of electric vehicles in recent years have led forecasters to speed their projections for when global oil use will peak, as subsidies and technology help consumers overcome the sometimes eye-popping sticker prices for battery-powered cars https://t.co/52scAbf3O9
Chinese companies will dominate the global #EV industry in the next 10 years, experts interviewed by EE Times say. https://t.co/iPNXlbhIoc https://t.co/oCvXzGpREM
How EVs are upending the 100-year-old auto supply chain https://t.co/5Ep4xM96K2
EVs are now more than 15% of the global passenger vehicle market https://t.co/WrZSrj4i4Y
Annual battery electric vehicle sales 2021 — 6.5 million units 2022 — 10.5 million units 2023 — 14.2 million units
At #COP28, there is plenty of hand-wringing about the slow pace of reducing the consumption of fossil fuels to fight climate change. But one positive that delegates can point to is the growing fleet of electric vehicles worldwide. More here: https://t.co/tHIWZTiCWz
At #COP28, there is plenty of hand-wringing about the slow pace of reducing the consumption of fossil fuels to fight climate change. But one positive that delegates can point to is the growing fleet of electric vehicles worldwide https://t.co/Q6J9YNZ3vE
How electric vehicles are accelerating the end of the oil age https://t.co/Q9mw1cEOmK https://t.co/PuyDAurJ9Q
⚠️ HOW ELECTRIC VEHICLES ARE ACCELERATING THE END OF THE OIL AGE Full Story → https://t.co/n5wcxHiYxQ
Pure play EV makers are gaining share like crazy. Meanwhile it’s back to the drawing board for European legacy automakers https://t.co/y3ehnObIKx
The New Automotive Age: Electric Vehicles and Real-Life Implications for the Automotive Industry https://t.co/Ufv6N8Urvm
US EV sales pass 1 million, an increase of 50.7% year-over-year https://t.co/k6dC9qG7EO by @michelle0728
Tesla Semi puts gas and diesel trucks to shame https://t.co/4Ta9x0UQ1O
As gas prices skyrocket, Nigerian delivery riders are switching to EVs New from @jesusegun1 https://t.co/ewq0cBNaQ3
For all the headlines written in recent months about how EV demand is faltering, the data doesn’t support this — at least not yet https://t.co/FECyXfm4CA
Australian EV sales have increased by 185% since 2022 https://t.co/vN2IHBdnvu by @jordynbeazley
Two-thirds of the world's EVs are made in China. https://t.co/8sdlS9dm1j