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.
Charging Infrastructure is the backbone of the EV revolution. Parul Chhabra explains how the transformation in road transportation brought about by a shift towards E-mobility is causing pathbreaking changes along the value chain.
As electric vehicles (EVs) trend from being niche to mass scale and the lines between EVs and their combustion engine (ICE) counterparts get blurred in terms of usability, consumers, automakers, governments and fire departments continue to have some apprehensions.
Parul Chhabra argues that attaining mass scale potential of electric vehicles will be determined by satisfying consumer concerns which go beyond pro-environment government policies.
Although market analysts believe that low oil prices will not derail the shift that has started towards clean mobility, the automobile sector including EVs has not been immune to the impact of Covid-19.