• News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

Electric vehicles predicted to command 86% of global market by 2030

ArenaEV
Electric vehicles are not just the rides of tomorrow; they could well be the undisputed kings of the road in less than a decade. According to a report by the Rocky Mountain Institute (RMI), the quiet hum of EVs, notable for their low decibels and distinct torque, might dominate our streets, holding a global market share of anywhere between 62-86% by 2030. Now, take a moment to digest that. If you rewind to 2020, only 5% of cars sold were electric. This figure almost tripled to 14% in 2022. So, what sparked this dramatic surge? China and Northern Europe have emerged as frontrunners in… More…

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