Electric vehicles are essential for sustainable transport, yet a one-size-fits-all approach is inadequate; tailored solutions are necessary to meet regional market demands.
Policymakers have proposed significant legislation like the EU's ban on new ICEs by 2035, but ultimately it's consumer demand that dictates the market's direction.
Despite vigorous legislative efforts in Europe, ICE-powered hybrids saw a registration rise of 12.6%, while battery electric vehicle registrations declined by 11.3%.
In South America, only about 3% of new vehicle sales were electric in 2023, highlighting the strong ongoing demand for internal combustion engines in many regions.
#sustainable-transport #electric-vehicles #internal-combustion-engines #market-dynamics #legislation
[
Collection
]
[
|
...
]