The Global EV Outlook identifies and discusses recent developments in electric mobility across the globe. It is developed with the support of the members of the Electric Vehicles Initiative (EVI). Combining historical analysis with projections to 2030, the report examines key areas of interest such as electric vehicle and charging infrastructure deployment, battery demand, electricity consumption, oil displacement, greenhouse gas emissions and related policy developments.
The report includes analysis of lessons learned from leading markets to inform policy makers and stakeholders about policy frameworks and market systems for electric vehicle adoption. It also features analysis of the financial performance of EV-related companies, venture capital investments in EV-related technologies, and trade of electric vehicles. The key findings of the report indicate:
- Electric car sales break new records with momentum expected to continue through 2023
- Market trends and policy efforts in major car markets are supporting a bright outlook for EV sales
- Global spending on electric cars exceeded USD 425 billion in 2022, up 50% relative to 2021
- The increase in demand for electric vehicles is driving demand for batteries and related critical minerals
- EV supply chains are increasingly at the forefront of EV-related policymaking to build resilience through diversification
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