• 2020.8.24

Electric cars accounted for 2.6% of global car sales and about 1% of global car stock in 2019. They manifested a 40% year-on-year increase. As the electrification of ATVs, buses, and trucks progresses, the market continues to grow. Ambitious policies have been critical in stimulating the electric vehicle rollout in influential markets in recent years. This shift continues—including zero-emission vehicle mandates and fuel economy standards —which have set clear, long-term signals to the automotive industry and consumers that support the transition (IEA).

Consumers’ adoption of electric vehicles (EVs) is also related to:

  • range satisfaction
  • public and private charging infrastructure
  • vehicle purchase price compared to internal combustion engine vehicles
  • maintenance costs
  • reasonable thermal comfort inside the vehicle
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