article thumbnail

The EV Transition Explained: Local Policies Shape Global Competition

Cars That Think

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. the Chinese government also expects to become the undisputed global leader in EVs. Like the U.S., It exported 500,000 EVs in 2021 ,as well.

Global 130
article thumbnail

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.

Buy 88