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Electric vehicles will account for one third of total vehicle sales worldwide by 2031 - Report

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By Ankit Awasthi

 According to projections made by Global Data (GlobalData), an industry leader in data collection and analysis, sales of electric vehicles (EVs) would make up more than 33 percent of the total number of automobiles on the planet by the year 2031. Electric car legislation and the efforts of automobile manufacturers estimate that sales of electric vehicles will increase by a factor of ten in both China and Europe over the course of the next 15 years. Over the course of the last several years, consumers in these nations have bought an unprecedented quantity of electric vehicles.


There will be a rise in the number of sales of electric automobiles.

According to the findings of the study, a total of eighteen nations have committed to achieving their goal of totally halting the retail sale of gasoline and diesel-fueled private automobiles by the year 2030. Additionally, China intends to sell electric automobiles accounting for 25 percent of the total sales of vehicles in the year 2025. Both India and the United States have set the goal of selling 30 percent and 50 percent of the world's total automobile sales by the year 2030, respectively.

From Maruti Brezza to Mahindra Scorpio, these powerful automobiles will be available in June

Oil firms are creating electric components

According to the findings of the study, a significant number of oil and gas businesses are expanding their operations in the energy sector as a direct result of the rising demand for electric cars. Partnerships are being used by a number of different businesses, including Shell, Total Energy, and Mitsui, in order to further the development of rapid electric vehicle charging, battery production, and other EV-connected components. While this is going on, oil companies like ExxonMobil are producing battery fluids, coolants, and lubricants that are tailored particularly for electric vehicles (EVs).

These automotive manufacturers are developing their electric vehicles.

A great number of automobile manufacturers have also established their goals for the sale of electric vehicles (EVs) and are getting ready to add new items to their inventory. Automobile manufacturers Daimler and Volvo have set a goal to sell 50 percent electrified vehicles by the year 2025. At the same time, Renault is working toward its goal of selling only electric vehicles by the year 2030. The Volkswagen Group plans to spend $35 billion (about equivalent to Rs 3.1 billion) on the production of electric vehicles.

TKM May sales steering close to pre-Covid levels

For your information, we would like to let you know that the Dutch government is now considering whether or not to prohibit the sale of gasoline-powered and diesel-powered vehicles manufactured after the year 2025. In their stead, automobiles that are fueled by electricity or hydrogen fuel will be introduced here. In an effort to limit pollution caused by private automobiles, Germany has enacted stringent new regulations. In order to reduce the number of persons who own private automobiles in this area, the cost of parking has been significantly increased.



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