Electric car sales gain pace despite hurdles

But challenges remain around their production, affordability and whether enough infrastructure can be put in place to persuade drivers to make the switch.China is a leader in the electrification of cars, with favourable policies and EV sales that have doubled in 2022."China's BEV growth will moderate in 2023, after a meteoric rise in 2022 of more than 100 percent year-on-year," said Al Bedwell, director of Global Powertrain at LMC Automotive.

"Europe's sluggish 2022 BEV growth will accelerate to 50% in 2023 as the chip crisis eases," said Bedwell, though he said it will still continue to impact vehicle availability through 2023. Traditional auto giants like Volkswagen and Stellantis group – which owns Peugeot and Jeep – are also stepping up their launches of electric models.

But Tesla announced price cuts of up to 20% in Europe and the United States in early January, quickly followed by a similar move from Ford. Smaller and cheaper models, such as the Renault 5, are also due to hit the market in the next few years.Charging spaces

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Malaysia needs more long term incentives, cash rebates for trade-ins and new EV purchase - ZEVA - paultan.orgWhile sales of electric vehicles in Malaysia jumped by around 860% last year to 2,631 units compared to 2021’s tally of 274 vehicles, much more needs to be done in order for the country to … Incentives/cash rebates are just fancy words for subsidy. Was hoping that with all the expert thinkers there you could come out with a more concrete opinion.
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