Electric vehicle sales grow rapidly globally

09 Oct 2023

The number of electric cars is expected to rise from 10 million in 2022 to 14 million in 2023, accounting for 18% of total global car sales.

Xe điện Geely chờ giao hàng tại cảng Taicang, Trung Quốc. Ảnh: Bloomberg

The demand for electric vehicles in the European market is soaring, to the extent that politicians in the region have expressed concerns about the influx of electric cars imported from China. Approximately 20% of all electric cars sold in Europe are manufactured in China. The European Commission has just launched an investigation on whether to impose tariffs to protect European manufacturers from cheap electric vehicles imported from China.

According to the International Energy Agency, about 26 million electric vehicles have been sold so far globally, including plug-in hybrids. This number represents a small portion of the total 1.3 billion cars, but electric vehicle sales are increasing every day. The number of electric cars is expected to rise from around 10 million in 2022 to approximately 14 million in 2023, accounting for 18% of total global car sales.

Although the cost of using electric vehicles depends on electricity prices in different countries and the efficiency of each electric car, the more efficiently electricity is used, the lower the cost. For example, drivers in the UK can charge their electric cars at home for 32 pence (9,200 VND) per kWh, and the car can travel 5 km per kWh. This means the cost of traveling per kilometer is about 6.4 pence (1,800 VND). In contrast, a diesel car can travel 15 km with one liter of diesel, which currently costs 152 pence (44,000 VND), meaning they have to pay 10 pence (2,900 VND) per kilometer.

Considering the initial costs, electric cars are becoming more affordable. The cheapest Tesla Model Y (46,900 USD) is currently priced lower than the average amount spent on a new car in the United States. Chinese automakers also have several electric car models that are cheaper, and they are targeting increased exports to the US and Europe.

Charging times are still not very fast, and the inability to meet the demand for comprehensive charging infrastructure remains a barrier to the development of electric vehicles. However, sales forecasts for electric cars indicate that the growth rate will continue to increase in the coming years. Analysts predict that there could be up to 800 million electric vehicles on the roads worldwide in the next decade.


Source: vnexpress.net

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