The Electric Specialty Vehicle Update is a quarterly round-up of all the important news related to personal electric vehicles. Get your industry news fix and see the trends in this handy round-up.
Electric Vehicles Are Big Business
With electric vehicles on the rise, it’s no wonder that the business surrounding EVs are booming too—on the stock market. “Following its IPO this month, Chinese lithium-ion battery manufacturer CATL became one of the highest-valued companies on the ChiNext stock exchange.” But how big is it expected to go? According to the International Energy Agency, “Electric vehicles will grow from 3 million to 125 million by 2030.” EVs already grew 54% in 2017. That’s a lot of business!
Electric Vehicles Bring Even More Massive Benefits
Owners are already saving a ton of green—both in money and environmentally—when it comes to electric vehicles, but there are even more benefits coming up. In Ireland, electric vehicles drivers are getting a reduced rate for tolls. And when it comes to ride sharing, Uber “announced a yearlong pilot program to provide cash incentives to some drivers who use electric vehicles, or EVs, with the goal of facilitating at least 5 million trips over the next 12 months.” The benefits just keep coming!
Electric Specialty Vehicle Transportation is All the Rage
You might have seen personal electric vehicles (PEVs) on the rise, especially if you live in a city, with more access to e-scooters and e-bikes. With the demand for more alternative transportation, it’s allowing people to move around their city in short distances more freely. Some of those companies are looking for even more alternatives, like Lime, launching two-seater specialty electric vehicles. There are even places looking to become all electric. “The Antelope Valley Transit Authority, which serves some 450,000 residents in parts of Los Angeles County, wants to be the first transit agency with an all-electric bus fleet.”