Electric vehicles accounted for 10% of global auto sales last year — this could quadruple by 2030
Business InsiderNov 26, 2022
The Facts
Recent data and market estimates point to the sales of electric vehicles (EVs) reaching a historic milestone — they now make up around 10% of the worldwide market share for the first time.
Sales of fully electric cars reached 7.8M units in 2022, a 68% increase from the prior year.
The Spin
Left narrative
This is great news because electric vehicle sales are outperforming projections, and a path to net zero carbon emissions is at least visible, if not guaranteed. More must be done to encourage the transition from fossil fuels and to address issues with the EV industry, including inequality of access to EVs and sourcing of materials for batteries.
Right narrative
EVs are going to bankrupt states and countries that rely on the oil and gas industry for their citizens’ livelihood. Sales of new EVs should be highly curtailed in desolate areas like Wyoming because there’s no charging infrastructure in these places. Also, critical minerals needed for batteries could lead to excess pollution. These vehicles are not silver bullets.
