The sale of electric vehicles has increased tremendously in the past one year and is expected to further increase in the near future. Amidst this scenario, leading automobile companies are also joining the race to produce electric vehicles in huge numbers.
Electric mobility (E-mobility) has become the new norm and auto makers are leaving no stone unturned to manufacture these innovative vehicles in large numbers. In 2018, the global electric car fleet exceeded 5.1 million, up 2 million from the previous year and almost doubling the number of new electric car sales, states a report by the International Energy Agency titled ‘Global EV Outlook 2019’. The report adds that the People’s Republic of China dominates the electric car market, followed by Europe and the United States whereas; Norway is the global leader in terms of electric car market share.
Sales of electric vehicles
In terms of EV sales, in 2018, China’s sales, which include battery vehicles and plug-in hybrids, reached 1.2 million. The USA came in second place with around 360,000 EVs last year and Norway held the third spot with 86,000 EVs. Germany came in fourth with 67,000 EVs, according to data released by the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) in Germany.
EV makers around the world
Tesla is hands down considered to be the leader in the EV space however there are many other players who have also ventured into this growing market such as Nissan, BMW, Volkswagen, Chevrolet, Ford, Kia, and many others.
Nissan, headquartered in Japan has launched the relatively low priced Leaf, the world’s most popular electric vehicle whereas the American car maker Chevrolet first made its debut in the EV space with Chevrolet Bolt which offered over 220 miles per charge.
In addition to this, BMW is known to produce luxury cars but the German-company has also entered the EV market by introducing the BMW i3, an all-electric luxury SUV. Similarly, the US vehicle manufacturer Ford has also been in the news owing to its affordable Ford Focus Electric car which offers over 100 miles per charge in its battery.
Volkswagen, the other leading German car maker also introduced the Volkswagen ID 3 electric car which is equipped with a center airbag which deploys in case of a side-impact crash. Lastly, Kia, the South Korean car producer has also launched the most famous EV – the Kia Soul EV which boasts of a 100-mile electric battery.
This is just the beginning, with more countries adopting EVs; the number of players entering the EV space is also expected to increase significantly. With so much happening in the automobile industry, we are certain that the future of the industry is poised for growth!