Electric Vehicle and PHEV Sales Soar, More Than Three Million On The Road

The International Energy Agency has released its Global EV Outlook which says there were more than three million electric and plug-in hybrid vehicles on the road in 2017.

This is a 54% increase from 2016 when there only about two million electrified models worldwide. China is responsible for a large portion of this growth as the report says nearly 580,000 electric cars were sold in the country last year. The United States also saw a significant increase in electric vehicle sales as around 280,000 where sold in America last year – an increase of nearly 120,000 units.

While electric vehicles are becoming more popular in China and the United States, they’re responsible for a significant amount of market share in Europe. In 2017, 39% of new vehicles sold in Norway where electric while that figure reached 12% percent in Iceland.

China isn’t just a leader in sales of electric cars as the country is also responsible for a significant jump in the number of electric buses and “electric two-wheelers.” In fact, 99% of the world’s supply of these types of vehicles are located in China.

Given the growth in demand for electric and plug-in hybrid vehicles, it comes as little surprise that there has also been growing demand for charging stations. In 2017, there were approximately 3 million private chargers at homes and businesses as well as around 430,000 public chargers. This is good news for owners of electric vehicles but the reports notes only around 25% percent of those public chargers were fast chargers.

Demand for electrified models is expected to increase in the future but the report says innovations are needed. In particular, the International Energy Agency says demand for cobalt is expected to grow by 10-25 times its current level by 2030 and this is a problem as production and refining of the material are heavily concentrated.

According to the agency’s predictions, there could be 125 million plug-in hybrid and vehicle vehicles on the road by 2030 if current trends and planned policies take effect. If countries take a more aggressive approach to combat climate change – such as banning sales of new vehicles with internal combustion engines – then the number of electric models could hit 220 million units.

more photos...
Nissan Expects Sedans To Bounce Back As Younger Buyers Don’t Want “Daddy’s” Crossover

Will younger consumers be the ones to save sedans?.

Slave Cylinder Patent From GM Suggests A Manual C8 Corvette May Happen

The C8 Chevrolet Corvette could get the manual we’ve been begging for.

YouTuber Gets Stranded After His Jeep Wrangler Bursts Into Flames In The Middle Of Nowhere

The fire happened about 30 miles away from civilization.

McLaren 600LT Spider Could Arrive In Time For The 2019 Model Year

The upcoming 600LT Spider should have a twin-turbo 3.8-liter V8 engine with 592 hp.

Lotus Launches A Search To Find Its Very First Car – The 1948 Mark I

The Lotus Mark I was sold in 1950 and its whereabouts remain a mystery.

Trump’s New Presidential Limo Spotted On The Streets Of New York

Despite looking a stretched Cadillac CT6, the limo is based on a truck platform and is heavily armored.

2019 Jeep Wrangler U.S. Order Codes Reveal Diesel Engine

The 2019 Jeep Wrangler will come to the U.S. with a diesel.

Toyota Teases Hardcore Gazoo Racing GT86, Promises ‘Passion For Speed’

There’s a hot Toyota GT86 coming and will probably be quicker than the standard model.

Audi Wants To Revive Horch Brand With Special A8 As Maybach Rival

The rumored Audi A8 Horch might arrive with the facelifted version of the flagship sedan, by 2021.

All-New Mercedes-Benz B-Class Confirmed For Paris Auto Show

The new B-Class will be joined by the new AMG A35, GLE, EQC, Silver Arrow Concept, A-Class Sedan and a new show car from Smart.