Pace Of EV Boom Steps Up

Global Electric Car Sales Jump 63 Percent

Anna Hirtenstein, November 20, 2017 (Bloomberg News)

“…Sales of battery electric vehicles and plug-in hybrids exceeded 287,000 units in the three months ended in September, 63 percent higher than the same quarter a year ago and up 23 percent from the second quarter…China accounted for more than half of global sales as its market for electric cars doubled amid government efforts to curb pollution…[Bloomberg New Energy Finance] expects global EV sales to surpass 1 million units this year for the first time. The market for electrified transport is starting to pick up speed as charging infrastructure becomes more accessible and manufacturers roll out models with longer driving ranges. In 2017, many established carmakers from Jaguar Land Rover to Volvo Cars announced plans to bring electric versions of their vehicles to market in the next few years…Several governments have also announced targets for cleaner transport…France and the U.K. said they will ban sales of new gasoline and diesel-burning cars by 2040, while the Netherlands is targeting that all new cars sold by 2030 will be emissions-free. China -- the world’s largest auto market -- is mulling its own ban, and even California is considering following suit…” click here for more

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