Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Electric vehicle charging station - Getty Images/iStockphoto
The global sales of electric vehicles (EVs) in 2020 increased by 39 per cent year on year to 3.1 million units in 2020,according to new research from Canalys.
The increase in the sale of EVs compares with a sales decline of 14 per cent of the total passenger car market in 2020.
The report further estimated that the number of EVs sold will rise to 30 million in 2028 with EVs representing nearly half of all passenger cars sold globally by 2030.
“In a tough 2020 for the automotive industry, the strong demand for EVs has been a real bright spot. This will continue around the world in 2021 and beyond, despite the economically adverse conditions,” said Chris Jones, Chief Analyst for automotive at Canalys.
EVs accounted for nearly 5 per cent of all new car sales in 2020.
“EVs are forecast to reach over 7 per cent of new car sales worldwide in 2021, a further 66 per cent growth, to exceed 5 million units sold,” the report said.
Nearly 1.3 million EVs were sold in both China and Europe last year, four times the EV sales in the US.
“EV sales in the US represented just 2.4 per cent of new cars sold there, despite it being home to Tesla, the world’s leading EV manufacturer. Even policies from a more supportive US government won’t change things overnight,” said Jones.
“Rapid growth will continue as more electric vehicles launch and governments set and maintain policies to stimulate EV production and sales. Reducing ‘range anxiety’ with increases in performance and charging infrastructure will be vital to entice more buyers,” said Sandy Fitzpatrick, VP at Canalys.
“The automotive industry is currently facing crippling semiconductor shortages, so managing future supply chains and production systems to cope with the growth will be make or break for any electric vehicle strategies,” added Fitzpatrick.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
This Women’s Day, we discuss the features of a few financial products that aim to help you save, get insured ...
Sensex, Nifty 50 make a strong bounce-back, but test resistances
Avenue Supermarts (₹3,286.1): Makes fresh all-time highIn October last year, the stock of Avenue Supermarts ...
The exchange-traded fund ticks all boxes as an efficient tool to track gold prices
A cop, a poet, a wedding planner, an outraged wife: On International Women’s Day, a look at diverse stories ...
India’s privacy law must balance the rights of children with online safety
Muriel has put our names down on a list to get the Covid-19 vaccination because — hurrah! — the age limit has ...
They are the health warriors who battled the Covid-19 pandemic on the ground, and are now the face of the ...
Comfort, convenience, value, safety — and not necessarily the colour pink — but do brands deliver?
Why and how marketers have used camels, and left us thirsting for more
Start-up SALT wants to break feminine stereotypes around money, and is asking women to reassert agency
It’s that time of year again when brands suddenly start paying obeisance to women power. From sentimental to ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...