Transportation

Electric Vehicles in the Fast Lane This Year

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The global electric vehicle (EV) market hasn’t reached full speed yet, but it has certainly roared into acceleration mode — posing significant risks for fuel demand. Uptake of EVs is set to expand further this year, especially with automakers rolling out more models and fast-tracking technological gains that improve the case for car buyers to go electric. EV sales are nearing one-fifth of overall light-duty vehicle sales in Europe and China as shown by the latest monthly and quarterly data (see table). US sales are significantly behind by comparison, hovering just below 5% in November, but this was 57% higher than the same time last year.

Topics:
Electric Vehicles, Coal, Emerging Technologies, Low-Carbon Policy
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