Carey, N. (2024, January 10). Global electric car sales rose 31% in 2023 – Rho Motion. Reuters.
Retrieved January 22, 2024, from
https://www.reuters.com/business/autos-transportation/global-electric-car-sales-rose-31-0
According to market research firm Rho Motion, EV sales “rose 31% in 2023, down from 60% growth in 2022.” There are slow progressive growth rates. Globally, there is expected to be an increase in cars. In multiple places for the next coming years, they are expected to slow for 2-3 years, especially in Europe, because companies will continue making them more efficient. Then the price will drop, since the technology isn’t as new and isn’t developing as quickly.
This article is very good because then it talks about how globally there is going to be a large progression in EV in general. This will have a very good effect on the environment. As we know, EV vehicles are very good for the environment in general, and it is important that they keep increasing.
It’s great to read there are significant steps being taken in the electric vehicle industry. Why is the advancement faster and slower in the years to come and not fast with how efficient technology has gotten?
Thank you for reading!
I agree that these are exciting contributions to transportation. Lowering the price due to more advanced technology is always a good thing. It is upsetting that the growth for EVs in 2023 has a slower growth compared to the 60% increase in 2022. I wonder how the article suggests that companies will change/contribute to the expected slowdown in EV sales?
Yes it is very interesting how it has dropped so drastically.