Remarkable Surge: EV Sales Skyrocket by 55% in 2022

SalesMoney MattersElectric VehiclesHigh Tech / High Touch
Written By Jennifer Joslyn

💰 Remarkable Surge: EV Sales Skyrocket by 55% in 2022.

While the United States experienced a remarkable over 50% increase, China leads the global market with nearly 60% growth in EV sales, retaining its position as the largest EV market worldwide. The momentum of EV sales is evident across various regions, including India, which has witnessed a staggering 223% surge in EV sales, showcasing the significant growth in this sector.

Read more from We Forum ▶

Featured
Porsche Drives Sustainability with New Electric Trucks and Alternative Fuels
Porsche Drives Sustainability with New Electric Trucks and Alternative Fuels

Porsche is ramping up its sustainability efforts in logistics by rolling out six new electric trucks across its Zuffenhausen, Weissach, and Leipzig facilities.

U.S. Adjusts EV Tax Credit Rules, Sparks Controversy
U.S. Adjusts EV Tax Credit Rules, Sparks Controversy

The U.S. Treasury Department recently updated the rules for electric vehicle (EV) tax credits under the 2022 Inflation Reduction Act, stirring up a bit of a storm.

Taiwan Earthquake Shakes Up Semiconductor Industry
Taiwan Earthquake Shakes Up Semiconductor Industry

Taiwan's biggest quake since 1999 could jolt the semiconductor supply chain across Asia.

Nikola's Legal Drama with EMBR Over Trevor Milton's Involvement
Nikola's Legal Drama with EMBR Over Trevor Milton's Involvement

So, Nikola Corp, the electric-vehicle maker, is in a bit of a legal tussle with EMBR.

Biden’s Bold Electric Vehicle Push
Biden’s Bold Electric Vehicle Push

President Biden has announced America's strictest vehicle exhaust emissions regulations yet, aiming to push the auto industry towards all-electric cars.

Surge in EV Sales and the Road Ahead for Adoption in the U.S.
Surge in EV Sales and the Road Ahead for Adoption in the U.S.

In the past year, over a million fully electric cars, trucks, and SUVs were sold in the U.S., marking a record in the country's shift away from gas-powered vehicles.

Apple's $10 Billion 'Project Titan' Automotive Dream Derailed
Apple's $10 Billion 'Project Titan' Automotive Dream Derailed

Apple has called it quits on its ambitious Apple car project, known internally as 'Project Titan', reallocating its 2000-strong workforce.

US DOE Invests $30 Million in EV Battery Supply Chain Boost with CIRCULAR Program
US DOE Invests $30 Million in EV Battery Supply Chain Boost with CIRCULAR Program

The US Department of Energy (DOE) is investing $30 million to bolster the electric vehicle battery supply chain in the country.

EV Market Dynamics Showcase Strategies, Challenges, and Growth Opportunities
EV Market Dynamics Showcase Strategies, Challenges, and Growth Opportunities

The EV market is experiencing some shifts: Tesla, Ford, and General Motors are adjusting strategies.

Rivian Stock Sees Modest Rebound Amid Investor Losses and Analyst Concerns
Rivian Stock Sees Modest Rebound Amid Investor Losses and Analyst Concerns

Rivian Automotive Inc. saw its shares bounce back slightly on Monday after a tough week marked by disappointing earnings.

Lessons Can Be Learned from Tesla's Success and Arrival's Demise
Lessons Can Be Learned from Tesla's Success and Arrival's Demise

Starting a new automaker is no easy feat, and it's been a rarity in the last four decades. It's not just about designing a car but also establishing the necessary infrastructure.

Major Truck Manufacturers Join Forces in PACT to Accelerate Electric Truck Infrastructure
Major Truck Manufacturers Join Forces in PACT to Accelerate Electric Truck Infrastructure

Three major medium- and heavy-duty truck manufacturers - Daimler Truck North America (DTNA), Navistar Inc., and Volvo Group North America - have teamed up to create Powering America’s Commercial Transportation (PACT), an initiative aimed at advancing electric truck infrastructure.

Stellantis' Workforce Changes Spark Concerns and Union Opposition
Stellantis' Workforce Changes Spark Concerns and Union Opposition

Stellantis has made a significant announcement about the separation of 539 supplemental employees from its U.S. manufacturing operations, a move that has sparked concerns, especially from United Auto Workers (UAW) President Shawn Fain.

Biden Administration's New EV Tax Credit Rules Impact Eligible Models
Biden Administration's New EV Tax Credit Rules Impact Eligible Models

As of January 1st, the Biden administration's updated rules now have a significantly reduced number of electric vehicle models eligible for the popular $7,500 consumer tax credit.

European Electric Vehicle Battery Supply Chain Faces Delays as Companies Prioritize US Market
European Electric Vehicle Battery Supply Chain Faces Delays as Companies Prioritize US Market

The development of a European battery supply chain for electric vehicles independent of China is facing significant delays as companies shift their focus to the US market due to clean energy subsidies offered by the US Inflation Reduction Act.

Tesla Accused of Negligence in Addressing Vehicle Defects
Tesla Accused of Negligence in Addressing Vehicle Defects

A Reuters report highlights Tesla's alleged negligence in addressing known defects in its vehicles, including suspension and steering systems, and making customers pay for repairs.

Stellantis and Ample Join Forces to Bring Quick-Swappable Batteries to City Cars
Stellantis and Ample Join Forces to Bring Quick-Swappable Batteries to City Cars

Stellantis, the owner of several car brands, is teaming up with Ample, a California-based startup, to introduce city cars with quick-swappable high-voltage batteries.

Biden Administration Implements Rules to Limit China's Role in U.S. Electric Vehicle Supply Chain
Biden Administration Implements Rules to Limit China's Role in U.S. Electric Vehicle Supply Chain

The Biden administration has introduced rules aimed at reducing China's influence in the U.S. electric vehicle (EV) supply chain.

Werner Enterprises Takes a Cautious Approach to Electric Truck Adoption
Werner Enterprises Takes a Cautious Approach to Electric Truck Adoption

Werner Enterprises Inc. is approaching the adoption of electric trucks cautiously due to financial concerns and infrastructure challenges, according to Chairman, President, and CEO Derek Leathers.

Germany's New Car Registrations Soar in August, with Plug-in Electric Vehicles Leading the Charge
Germany's New Car Registrations Soar in August, with Plug-in Electric Vehicles Leading the Charge

In August, new passenger car registrations in Germany increased by 37% year-over-year to 273,417, with a total of 1,913,564 new cars registered in the first eight months of 2023, up 16.5% year-over-year.

Tesla and Hilton Partner to Install 20,000 EV Charging Stations at 2,000 Properties Across North America
Tesla and Hilton Partner to Install 20,000 EV Charging Stations at 2,000 Properties Across North America

Tesla and Hilton have announced plans to install 20,000 electric vehicle (EV) charging stations at 2,000 Hilton properties across the U.S., Mexico, and Canada starting next year.

China Surpasses Japan as Largest Auto Exporter, Fueled by Electric Vehicle Growth
China Surpasses Japan as Largest Auto Exporter, Fueled by Electric Vehicle Growth

China has surpassed Japan as the largest auto exporter during the first half of the year, exporting 2.34 million vehicles compared to Japan's 2.02 million, marking the first time this has occurred at the half-year mark.

Lithium-ion Batteries are a Growing Concern for the Logistics Industry
Lithium-ion Batteries are a Growing Concern for the Logistics Industry

A recent fire incident on the car carrier, Fremantle Highway, carrying electric vehicles and lithium-ion batteries, has brought attention to the safety concerns associated with transporting products containing such batteries in the logistics industry.

The Geopolitical Climate on the Microchip Supply Chain is Turbulent
The Geopolitical Climate on the Microchip Supply Chain is Turbulent

The microchip industry plays a pivotal role in various key sectors of the global economy, from computing and telecommunications to military and healthcare.

Amazon's Carbon Emissions Dip for the First Time Due to Renewable Energy Purchases and Slower Sales Growth
Amazon's Carbon Emissions Dip for the First Time Due to Renewable Energy Purchases and Slower Sales Growth

Amazon reports a decrease in carbon emissions for the first time since the company began reporting the figure.

EPA's Ambitious Truck Emission Targets
EPA's Ambitious Truck Emission Targets

The U.S. Environmental Protection Agency (EPA) has proposed more stringent standards for greenhouse gas emissions from heavy-duty vehicles, aiming to transition to zero-emission vehicles (ZEVs) by model year 2032.

Tesla Supplier Set to Establish Factory in New Mexico
Tesla Supplier Set to Establish Factory in New Mexico

Auto parts manufacturer Hota Industrial Manufacturing is planning to invest $72 million in setting up a facility in Santa Teresa, New Mexico.

Truck Manufacturers Commit to Cease Sales of Gas-Powered Vehicles in California, Promoting Zero-Emission Trucks and Cleaner Air
Truck Manufacturers Commit to Cease Sales of Gas-Powered Vehicles in California, Promoting Zero-Emission Trucks and Cleaner Air

Major truck manufacturers have made a commitment to cease the sale of new gas-powered vehicles in California by the mid-2030s.

Toyota's Technological Breakthrough Aims to Halve Battery Weight, Size, and Cost, Potentially Transforming Electric Vehicles
Toyota's Technological Breakthrough Aims to Halve Battery Weight, Size, and Cost, Potentially Transforming Electric Vehicles

Toyota has announced a significant breakthrough in battery technology that could revolutionize the electric vehicle (EV) industry.

The Economic and Social Implications of the Radical Embrace of Electric Vehicles
The Economic and Social Implications of the Radical Embrace of Electric Vehicles

The radical embrace of electric vehicles (EVs) and the ban on traditional cars may have unintended consequences for the economy and affordability of transportation.

Jennifer Joslyn
Previous

Bolivian EV Startup Aims for Success with its Compact Car Creation
Next

China's Reopening Woes: Disappointing Ocean Container Volume Trends