Electric vehicle (EV) fleets are growing rapidly in many of the world’s largest vehicle markets. Costs of batteries and electric vehicles are falling. The charging infrastructure is expanding. This progress supports the electrification of heavy-duty vehicles with short-range requirements such as two/three-wheeled vehicles, light-duty vehicles (LDVs) , taxies and shared vehicles, buses and urban deliveries.

Manufacturers continue to increase the number of EV models available to customers.

By the end of 2021, after a decade of rapid growth, there were 10 million electric cars on the world’s roads. Despite a 6% drop in global car sales due to the pandemic, electric car registrations increased by 41% in 2021. Nearly 3 million EVs have been sold worldwide (4.6% sales share), with Europe surpassing the People’s Republic of China as the world’s largest electric vehicle (EV) market for the first time. Electric bus and truck registrations also increased in major markets to 600,000 and 31,000, respectively.
Consumer spending for electric car purchases rose to $120 billion in 2021. In parallel, governments around the world spent US$14 billion to support electric car sales, a 25% increase from 2020, mostly due to strong incentives in Europe. However, the share of government incentives in total spending on electric cars has declined over the past five years, indicating that EVs are becoming increasingly attractive to consumers.
The short-term future outlook for electric vehicle sales is bright. In the first quarter of 2022, global electric car sales increased by approximately 140% compared to the same period in 2021, with sales of approximately 500,000 vehicles in China and approximately 450,000 vehicles in Europe. US sales more than doubled from the first quarter of 2021. Electric vehicles will be more common on the world’s roads in the 2021s. Current policies around the world show healthy growth this decade: In the Announced Policies Scenario, EV stock of all vehicle types (excluding two/three-wheeled vehicles in all modes) will reach 145 million in 2030, accounting for 7% of the road vehicle fleet.
At the same time, we found many countries are giving subsidies to promote the business and purchases on electric vehicles, and many other countries lowers their barriers or give very good policy to support electric vehicles. Thus is to do their contribution on duel control of carbon emission and also saving the earth non-renewable resources, such as oil and coal, whose price has raised by 100% in the year of 2022.
Thus, electric vehicles are the trend for the future. And Freeland Motors aims to ride the tide of EVs with sincere clients from all over the world via win-win cooperation