What is the estimate for EVs being on the road by 2030?

The IEA’s base-case scenario assumes that 120 million EVs will be on the road by 2030, but the size of the EV fleet could range from 57 million to 300 million depending on the ambitiousness of environmental policies.

How many electric cars are in the US by 2025?

As the annual sale of EVs reaches the 1.4-million mark by 2025, there will be more than 18 million electric cars in the US alone.

What is the benefit of a modular EV platform?

Powered by the REEcorner, our platform provides 67 percent more volume for cargo and packages as compared to virtually all other EVs on the market today, and up to 33 percent more space for batteries within the chassis, enabling greater range.

Why is the electric vehicle market growing?

The growth of the electric vehicle market is mainly attributed to factors such as supportive government policies and regulations promoting the adoption of EVs, increasing investments by leading automotive OEMs, rising environmental concerns regarding automotive emissions, and the decreasing prices of batteries.

Are electric motorbikes getting faster in 2021?

Speed, but make it sustainable . As the years go by, we’re seeing EV motorcycles get faster, lighter, safer, and more intelligent. This year is no different: In our 2021 rankings, we have stylish motorcycles, motorbikes with AI and autonomous driving features, and the quickest recharge times we’ve yet seen.

Will all cars be electric by 2030?

And it isn’t just premium brands. General Motors says it will make only electric vehicles by 2035, Ford says all vehicles sold in Europe will be electric by 2030 and VW says 70\% of its sales will be electric by 2030. This isn’t a fad, this isn’t greenwashing.

How fast is the electric car market growing?

The answer is very fast. Like the internet in the 90s, the electric car market is already growing exponentially. Global sales of electric cars raced forward in 2020, rising by 43\% to a total of 3.2m, despite overall car sales slumping by a fifth during the coronavirus pandemic.

What is the forecast period of electric vehicles market research report?

The Electric Vehicles Market is projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019, at a CAGR of 21.1\% during the forecast period. The base year for the report is 2018, and the forecast period is from 2019 to 2030.