"It is striking that in the same year that Tesla’s stock price dropped by about
two-thirds, destroying more than $700 billion in market value, the global
market for electric vehicles — which for so long the company seemed almost to
embody — actually boomed.
Boom may not even adequately communicate what happened. Around the world, E.V.
sales were projected to have grown 60 percent in 2022, according to a
BloombergNEF report prepared ahead of the 2022 U.N. climate conference COP27,
bringing total sales over 10 million. There are now almost 30 million electric
vehicles on the road in total, up from just 10 million at the end of 2020. E.V.
market share has also tripled since 2020.
The pandemic years can feel a bit like a vacuum, but there are almost three
times as many E.V.s on the world’s roads now as there were when Covid vaccines
were first approved, and what looked not that long ago like a climate pipe
dream is now undeniably underway: a genuine transition away from fossil-fueled
transportation. This week, the Biden administration released a blueprint toward
a net zero transportation sector by 2050. It’s an ambitious goal, especially
for such a car-intoxicated culture as ours. But it’s also one that, thanks to
trends elsewhere in the world, is beginning to seem more and more plausible, at
least on the E.V. front."
Via Future Crunch
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics