Frost & Sullivan report EV market outlook for 2022
According to the “Global Electric Vehicles Outlook, 2022” report produced by Frost & Sullivan, of 6.7 million EV units sold in 2021, 70.7% were BEVs, and 29.1% were PHEVs. Global EV penetration increased from 4.4% in 2020 to 8.8% in 2021. The Asia-Pacific region recorded a 151.7% year-over-year growth. Tesla retained the leadership with sales
U.S. to see highest growth rates for Lithium-Ion batteries by 2026
According to new research from Interact Analysis, the demand for lithium-ion batteries is expected to rise to over 1.6TWh by 2026, up from 476GWh in 2021. Massive growth in both the battery and battery manufacturing equipment markets is driven largely by the electric vehicle boom, the company says. In 2021, the EV market accounted for
Worldwide off-highway EV industry expected to reach $42.7B by 2030
A recent report from Research and Markets shows the global off-highway electric vehicle market size is expected to reach $42.70 billion by 2030, registering a CAGR of 31.7% during the forecast period. The report indicates that stringent emission regulations by government agencies, such as emission standards for Greenhouse Gas emissions by the U.S. Environmental Protection Agency and
IMR Research Shows Impact of EV Service at Independent Shops
IMR has released an update with new insight on its research on how battery and hybrid electric vehicle service is impacting independent repair shops. Between June 1-30, IMR says it interviewed 500 independent repair shops in the U.S. to update its original findings from 2021 on trends relating to service exposure in independent repair shops
You can’t deny the EV charger revolution is happening
In the not-so-distant future, today’s rather drab charging affairs will be getting a bit of a pick-me-up.
Zero-emission truck market is primed for growth
The limited sales penetration of zero-emission trucks in Western markets reflects a lack of available zero-emission trucks rather than a lack of demand, according to IDTechEx’s new report, “Electric and Fuel Cell Trucks 2023-2043.” Major corporations are clamoring for low-emission trucks (and greater support from governments) to help them meet their corporate pledges to reduce
China has 65% of public EV charging stations worldwide
While most of the world is still preparing to build the necessary infrastructure to sustain predicted upcoming EV adoption, China has already taken significant strides. According to new numbers presented by StockApps.com, 65% of global public EV charging stations exist in China. According to the latest data on Statista, China has a total of 1.15 million
Used EV interest in the U.S. surging for the first time
EV owners who bought a new Ford Mustang Mach-E in late 2021 could have resold it for a $10,000 profit in a matter of months.
H2 fueling station market to generate $9 billion over 15 years
As the sales of hydrogen fuel cell vehicles accelerate, the deployment of fueling stations for these vehicles is poised to generate $9 billion in revenue by 2036, according to a study released by Information Trends. The biggest chunk of the revenue will come from the Asia-Pacific region followed by Europe. The costs of hydrogen stations
U.S. electric truck market expected to be worth $15B by 2030
The U.S. electric truck market revenue in 2030 is expected to be $15.084 billion, growing at a 54.0% CAGR, according to a recent report on the U.S. electric truck market by Researchandmarketing.com. Additional findings of the report include: Light-duty variants of electric trucks are the most bought in the U.S. because of a rich culture
What’s happening in the EV job market?
We take a dive into details of the 2022 U.S. Energy and Employment Report to see where the EV interest lies.
Tesla’s U.S. market share jumps 125% in the last 2 years
According to a StockApps analysis, Tesla grew its U.S market share from 1.2% in Q1 2020 to 2.7% in Q1 2022. That’s a 125% jump in its American foothold in the last couple of years. In the first quarter of 2022, the company sold more than 310,000 electric cars across different automotive markets, representing a 68% increase from
