Apr 28, 2024 · The US Environmental Protection Agency, for instance, proposes two-thirds of new vehicles sold in the US be EVs by 2035, up from the current 7.6% US new vehicle market share. Canada, the UK and the EU want all passenger vehicle sales to be zero-emissions by 2035.

Apr 29, 2020 · The funding round will run from January 21, 2025 through April 30, 2025. Illinois residents that purchase a qualifying new or used all-electric passenger vehicle ($4,000) or all-electric motorcycle ($1,500) from an Illinois licensed dealer are eligible for the rebate.

Mar 27, 2019 · Last year, 2.1 million new electric vehicles were sold worldwide. China is the world’s largest electric car market, accounting for 1.2 million - 56% of all electric vehicles sold in 2018. China also accounts for 99% of sales of electric trucks, buses, motorcycles and scooters.

May 12, 2021 · The International Energy Agency released its first Global Electric Vehicle Outlook. Sales of electric vehicles grew despite the pandemic-related economic downturn. Europe surpassed China on electric vehicles bought for the first time in 2020. Post-pandemic economic rescue plans further boosted global uptake of EVs.

May 11, 2023 · Among recently announced initiatives are Japanese automaker Toyota targeting 3.5 million annual electric car sales by 2030; Ford announcing one-third of sales to be fully electric by 2026; and Volvo to become a fully electric car company by the end of the decade.

Jun 29, 2021 · By the end of 2020, there were 10 million electric cars on the road. Electric car incentives are helping to increase sales of electric vehicles (EVs) worldwide. New Zealand is the latest country to offer cash rebates for switching to EVs. Tax bonuses in Norway have closed the price gap between EVs and conventional cars.

Feb 13, 2018 · 2) Prioritize high-use electric vehicles. Electric taxis and public transportation will have a great impact in reducing carbon emissions. These types of vehicles are driven far more than personal-use vehicles, so commercial and public EV fleet development should be …

Sep 22, 2022 · To spur Americans’ electric vehicle purchases and investment in national carmakers, the recently passed Inflation Reduction Act mandates a $7,500 tax credit for new purchases of American-made electric cars for qualifying buyers, with more minor credits for used cars. It has also earmarked $20 billion for constructing clean vehicle ...

Jul 20, 2022 · Lithium is one of the key components in electric vehicle (EV) batteries, but global supplies are under strain because of rising EV demand. The world could face lithium shortages by 2025, the International Energy Agency (IEA) says, while Credit Suisse thinks demand could treble between 2020 and 2025, meaning “supply would be stretched”.

Sep 26, 2024 · The growth of electric vehicles is unstoppable. Major changes such as improved battery range, catalyzed by supportive government policy, have resulted in a boom in sales of EVs in recent years. Accounting for only 1% of new car sales globally in 2015 , the latest figures show 14 million EV sales globally in 2023, accounting for around 18% of ...