A recent report released by Strategy&, a consulting agency of PricewaterhouseCoopers, predicts that by 2030, the number of new electric vehicles registered in the world's three largest auto markets, the EU, the United States and China, will exceed 17.4 million, accounting for nearly 27% of total auto sales. %. Driven by multiple factors such as reducing energy consumption and responding to climate change, many countries regard promoting the development of the electric vehicle industry and achieving green transformation as new growth points to drive sustained economic recovery. The latest report released by the European Alternative Fuel Observation Organization stated that European electric vehicle sales exceeded the 1 million mark in 2020, a three-fold increase from 2019, and the market share of electric vehicles increased from 3% in 2019 to 10%. PwC predicts that electric vehicle sales are expected to account for 67.4% of the European automobile market in 2035.

A recent report released by Strategy&, a consulting agency of PricewaterhouseCoopers, predicts that by 2030, the number of new electric vehicles registered in the world's three largest auto markets, the EU, the United States and China, will exceed 17.4 million, accounting for nearly 27% of total auto sales. %. Driven by multiple factors such as reducing energy consumption and responding to climate change, many countries regard promoting the development of the electric vehicle industry and achieving green transformation as new growth points to drive sustained economic recovery. The The latest report released by the European Alternative Fuel Observation Organization stated that European electric vehicle sales exceeded the 1 million mark in 2020, a three-fold increase from 2019, and the market share of electric vehicles increased from 3% in 2019 to 10%. PwC predicts that electric vehicle sales are expected to account for 67.4% of the European automobile market in 2035.

                             

Major car companies have accelerated the pace of R&D and innovation of electric vehicles. BMW recently announced that it will transform its German factory to produce electric vehicles and related parts. BMW CEO Oliver Zipzer said that BMW plans to electrify 20% of its vehicles within 3 years; Tesla produced more than 500,000 electric vehicles in 2020, an increase of 36% from 2019; General Motors Automobile CEO Mary Barra said that it will invest US$20 billion in electric vehicles and battery technology by 2025, and GM also plans to launch 20 electric vehicle models by 2023.