In 2021, China recorded the strongest growth in the EV market with around 3.2 million EVs sold. This was an increase of 2 million EV units compared to 2020 which was more than the combined increase of all other regions taken together.
Electrification of light-duty vehicles is trending in many parts of the world and is on track to become a consumer driven phenomenon but let’s not forget the heavy-duty vehicles such as trucks and buses.
While it may require an initial higher investment when compared with other materials, stainless steel’s unique properties deliver long-term performance and economic benefits including minimum downtime, reduced maintenance costs and reduced environmental impacts.
The many new and innovative applications of hydrogen as fuel show great promise for a greener future.
The last three months have been unprecedented. But amidst the chaos and despite the drop in global GDP, there has still been a considerable amount of activity in the electric vehicle (EV) and battery world.