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The EV Transition Explained: Local Policies Shape Global Competition

Cars That Think

million dollars in new car sales in 2021, according to data from the National Automobile Dealer Association. Massachusetts, for example, has set a goal of at least 750,000 to 1 million EVs on the road by 2030; it currently has some 51,000, of which 31,000 are battery electric. Like the U.S., Other provinces may follow suit.

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Convincing Consumers To Buy EVs

Cars That Think

Even in the Chinese market where smaller EV sales are booming, profits are not. Interestingly, a 2019 Massachusetts Institute of Technology (MIT) study predicted that as EVs became more widespread, battery prices would climb because the demand for lithium and other battery metals would rise sharply. They were like engineers.

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