Category: Automotive

Growing the Electric Vehicle (EV) Market

Interest in electric vehicles (EVs) is at an all time high according to the university EV stats. This enthusiasm is finally starting to show in global sales numbers, increasing from just 119,000 in 2012 to 774,000 in 2016. Despite this growth EVs still account for less than 1% of total new car registrations. Overall, the global market is still primarily made up of early adopters. Analysts predict that by 2025, that number will surge to 25 million. Tesla was the most sold electric car globally in 2016. The Model 3 was pre-booked 325,000 times in only one week, which is the single largest one-week launch of any auto product ever.

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