Summer Travels To Elevate The Oil Demand In 2024
Electric Vehicle Sales Soar in November 2023
By Shubhendra Anand , 12 January, 2024
Earlier in the beginning of 2023, the surveys claimed that electric vehicle sales would increase in numbers by the end of 2023. The electric vehicles market is expanding with growing concerns over sustainable development goals and reduction in carbon emissions by the end of 2050. A survey report shows that the electric vehicle market sees a 20 percent soar in global sales for November 2023.
Electric vehicles are witnessing exponential growth in the market for 2023 due to various reasons. The transportation sector has gradually transformed to electric cars in the past two to three years due to environmental concerns, advancement in the technology sector, and the worse impact our environment is receiving from fossil fuel-based vehicles, among others. These are the main concerns driving the growth in the production of electric vehicles in 2023. Based on the survey reports, electric vehicle sales in November 2023 are reported to be a 27.15 percent increase compared to EV sales in November 2022. The reports from the survey show that a greater number of sales were recorded from China and North America. China and North America will boost the growth and sales of electric vehicles in November 2023. China witnessed a rise in sales by 25 percent, while the United States and Canada also recorded an increase in sales by 43 percent in November 2023. Sales of electric vehicles and plug-in hybrids worldwide rose by 20 percent in November 2023.
Expert analysis suggests that growth in electric vehicles is expected to rise in the coming years without any signs of decline. Electric cars are expected to take up the most significant space in the automobile sector soon. According to a survey, electric vehicle sales in India surged by 9.54 percent compared to October sales in 2023. In November 2023, the sales units ranged to 152,514 units for electric vehicles. The rise in electric vehicles is a positive sign contributing towards lowering carbon emissions by 2050. Car manufacturers are more concerned about meeting the target of reducing carbon emissions by 2025.
Latest News
Summer Travels To Elevate The Oil Demand In 2024
Oil consumption maintains a certain level, although oil prices are elevating at a standard rate in 2024. Organization of the Petroleum Exporting Countries (OPEC) suggests that global oil demand is expected to increase in the summer of 2024.
The…
Auto Industry Trends: Electric Vehicles Sales May Boom or Crash in 2024
The automotive industry follows different trends since the beginning of 2024. The automotive industry has experienced many issues in the past two years due to the insufficiency of raw materials and disruptions in the supply chain. However, the sector…
China Leading Country in the World With Recycling of Lithium-Ion Batteries
Globally, the clean energy transition is taking a new shape to transform the face of countries regarding sustainability. Countries worldwide aim to achieve this goal by the end of 2050. The green energy transition demands a lot of changes in the…
Plant-Paper Based Battery New Game Changer For Clean Energy Transition
The green energy transition is achieving new heights with the interest of consumers. Clean energy transformation aims to reduce carbonization and other harmful environmental emissions by the end of 2050. Therefore, much research in this regard is…
Central Asia’s Dependency On Coal Is Growing Rapidly
The clean energy transition will gain momentum in different nations in 2024. The economies around the world are planning to transform their energy sector to adopt renewables. This is due to the goal of achieving clean energy by the end of 2050.
…
Shubhendra Anand
Head Research
