Electric Cars Sale Gain Pace Despite Hurdles

Wed Feb 01 2023
icon-facebook icon-twitter icon-whatsapp

Monitoring Desk

ISLAMABAD/BEIJING: The electrification of the auto car industry is gathering pace, particularly in Europe, where the sales of fresh cars running on petrol and diesel could end in 2035.

According to the AFP, challenges remain around their car’s production, affordability, and whether enough framework can be put in place to persuade drivers to make a switch.

China is in the pole position 

European carmakers were hobbled in 2022 by the lack of semiconductors and computer chips that are key for numerous systems on all vehicles.

But electric cars sale held up quite well.

China is the leader in the electrification of vehicles, with favorable policies and EV sales that have doubled in 2022.

But experts have warned sales slow there in 2023 alongside shifts in the Chinese economy.

Automatic Electric cars

Director of Global Powertrain at LMC Automotive, Al Bedwell, said that “China’s BEV growth could moderate in 2023, after a meteoric increase in 2022 of more than 100% year-on-year,”

“The country’s slowing economy and unavoidable retail rate raises could dampen Chinese BEV and plug-in hybrid demand, though much volume could still be added.”

But he predicts sales in Europe would pick up speed that year after growing by only 21% the previous year due to supply constraints.

“Europe’s sluggish 2022 BEV growth could accelerate to 50 percent in 2023 as the chip issues ease,” said Bedwell, though he said it could continue to impact car availability through 2023.

The United States (US) is giving its electric car industry a significant boost by passing a 370-billion-dollar green energy bill that includes tax cuts for United States-made electric cars and batteries.

One in eight cars sold globally wide in 2023 could be electric.

icon-facebook icon-twitter icon-whatsapp