Overview
Electric vehicle adoption is accelerating globally, driven by declining battery costs, expanding charging infrastructure, and tightening emissions regulations. EVs now represent over 18% of new car sales worldwide. The transition extends beyond passenger cars to trucks, buses, and two-wheelers. Battery technology improvements are increasing range and reducing charging times. The shift is reshaping automotive supply chains, creating new industries around battery manufacturing and recycling, and reducing dependence on fossil fuels.
Tags
EVselectric mobilitycharging infrastructurezero emissions
Economic Impact
High Impact
$800B+ annual market, transforming automotive industry and creating millions of new jobs.
Emerged
2012
Related Topics
Energy
Battery Storage Revolution
Advanced battery technologies enabling grid-scale energy storage.
Transportation
Sustainable Aviation Fuel
Low-carbon jet fuels made from waste oils, agricultural residues, or green hydrogen.
Policy
Net-Zero Emissions Targets
Commitments by nations and companies to achieve zero net greenhouse gas emissions.