Editor’s note: CleanTechnica does not endorse this forecast. We find it worth publishing because of the source (the agency behind it) and as a reference to return to in coming years. To be frank, it looks wildly pessimistic, but we’ll see. Feel free to discuss down in the comments. —Zach … [continued]
China is charging full speed ahead into electric vehicles, on track to sell over 2 million EVs this year, up from 1.1 million in 2018. The rapid growth has been driven partly by policy, but increasingly by consumer demand. In part two of this three-part series (check out part one if you missed it), we’re going to look at the demand side of the EV transition in China. Why are Chinese consumers queuing up for EVs?
China is charging full speed ahead into electric vehicles, on track to sell over 2 million EVs this year, from 1.1 million in 2018. The rapid growth has been driven partly by policy, but increasingly by consumer demand. A rising proportion of Chinese consumers simply prefer electric vehicles to traditional combustion vehicles, viewing them as a new and superior technology, and better value. With EVs continuously improving and getting more affordable, there’s a clear path to EVs taking 50% of market share in China by 2025.
Both worldwide and here in the United States, advanced energy use is growing, says Advanced Energy Economy’s 2015 Market Report. Prepared by Navigant Research for the national association of businesses involved in best available advanced energy technologies, the publication has eyed the advanced energy industry and its components annually for four … [continued]
