Quantcast
Business

Electric Car Sales Surge 63% Globally

Electric vehicles (EVs) continue to gain momentum on the world market.

Global sales of electric and hybrid cars are 63 percent higher than the same quarter last year, and up 23 percent from the second quarter, according to a Bloomberg New Energy Finance (BNEF) report.


China is the top market for EVs, accounting for roughly half of global sales in the third quarter. Europe and North American were the second- and third-biggest markets, respectively.

China offers incentives to help increase the number of low-emission cars on the road.

“The Chinese government is very focused on pushing up EV sales," said Aleksandra O'Donovan, BNEF advanced transport analyst and one of the authors of the report. “One reason for that is the local pollution levels in the cities, and a second is for China to build domestic heroes to compete internationally in this market."

Electric vehicle sales are poised to surge worldwide as an increasing number of countries such as China, Scotland, France and India announced intentions to ban diesel and gasoline cars in order to cut emissions.

Notably, global EV sales are expected to exceed one million units this year for the first time, BNEF said in its report.

Many major car brands have hopped onto the electric bandwagon. Volvo Cars announced in July that every car it launches from 2019 will have an electric motor, marking a "historic end" to the internal combustion engine. Then in September, Volkswagen Group, the world's biggest automaker, announced plans to offer an electric version across the company's 300 models by 2030, and to roll out 80 new electric cars under its multiple brands by 2025. The German company, which is trying to rebound after its emissions-cheating scandal, is investing more than 20 billion euros ($24 billion) in zero-emission vehicles to challenge Tesla.

In an earlier analysis, BNEF predicted that electric cars will outsell fossil-fuel powered vehicles within two decades largely due to plunging battery prices.

The growth of clean transportation is great news for the environment, as the Environmental Defense Fund wrote in a blog post:

"Cars, buses and trucks are the second biggest source of pollution in the U.S. after electricity production. They are responsible for more than 26 percent of emissions that adversely affect the health and well-being of the population, and put communities located close to highways and other major thoroughfares at risk. These communities, typically low-income, are often plagued by elevated asthma rates and other pollution-induced health conditions."

When thinking about ways to reduce pollution, EVs can make a world of difference. And, when charged using renewable energy sources, they produce no emissions and can be much cheaper to operate than traditional, internal combustion vehicles.

Show Comments ()

EcoWatch Daily Newsletter

Sponsored
Science
The ICESat-2 will point lasers at Earth's ice sheets. NASA/Goddard Space Flight Center Conceptual Image Lab

NASA's New Space Laser to Measure Earth's Changing Ice

NASA will soon activate the "most advanced laser instrument of its kind" to study Earth's changing polar ice.

The incredibly precise Advanced Topographic Laser Altimeter System (ATLAS) is the main feature of the Ice, Cloud and land Elevation Satellite-2 (ICESat-2) that successfully launched into space from the Vandenberg Air Force Base in California on Sept. 15.

Keep reading... Show less
Climate
The Atlantic wolffish is already at risk from oxygen depletion. Nilfanion, via Wikimedia Commons

Oxygen Loss in Canada Linked to Climate Change

By Tim Radford

Oceanographers have identified an act of slow suffocation, as oxygen loss grows near one of the world's richest fishing grounds, and are linking the change to human-triggered global warming.

Keep reading... Show less
Business
A Co-op grocery store location in Shoreditch, London. The Co-op Group / CC BY 2.0

Supermarket Becomes First in UK to Replace Single-Use Plastic Bags With Compostable Alternative

Since 2015, all large stores in England have been required by law to charge five pence for single-use plastic bags in an attempt to reduce plastic pollution.

Now, major UK supermarket chain the Co-op is taking that one step further by phasing out plastic bags entirely and replacing them with compostable alternatives, becoming the first supermarket in the UK to do so, The Guardian reported.

Keep reading... Show less
Animals
Tiger: Bernard DuPont (CC BY-SA 2.0); Wolf: John and Karen Hollingsworth /USFWS

Tigers and Wolves: The Reigning Cats and Dogs in Conservation?

By John R. Platt

Do the species most in need of conservation also receive the most scientific research?

Keep reading... Show less
Sponsored
Animals
A tiger in Dhikala, Nepal. Ranjith Kumar 2016 / CC BY-SA 4.0

Wild Tiger Population Nearly Doubles in Nepal

Thanks to dedicated conservation efforts, Nepal now has an estimated 235 wild tigers in the country, a nearly twofold increase from its baseline of 121 individuals in 2009, the World Wildlife Foundation (WWF) announced Sunday on the occasion of Nepal's National Conservation Day.

The South Asian nation is now on track to become the first country to double its tiger population as part of WWF's "TX2" goal to double the world's wild tiger population by 2022—the next year of the tiger on the Chinese zodiac.

Keep reading... Show less
Popular
North Carolina hog CAFO in Hurricane Florence floodwaters, Sept. 18. Larry Baldwin / Crystal Coast Waterkeeper / Waterkeeper Alliance

In a Warming World, Carolina CAFOs Are a Disaster for Farmers, Animals and Public Health

By Karen Perry Stillerman

In the aftermath of Hurricane Florence, I've joined millions who've watched with horror as the Carolinas have been inundated with floodwaters and worried about the various hazards those waters can contain. We've seen heavy metal-laden coal ash spills, a nuclear plant go on alert (thankfully without incident), and sewage treatment plants get swamped. But the biggest and most widely reported hazard associated with Florence appears to be the hog waste that is spilling from many of the state's thousands of CAFOs (confined animal feeding operations), and which threatens lasting havoc on public health and the local economy.

Keep reading... Show less
Sponsored
Popular
Models are seen backstage ahead of the Chika Kisada show during Milan Fashion Week Spring/Summer 2019 on Sept. 24. Tristan Fewings / Getty Images Entertainment / Getty Images

Milan Fashion Week Closes with ‘Oscars of Sustainable Fashion’

Milan Fashion Week closed on Sunday with the second annual "Green Carpet Fashion Awards" to promote sustainability in the fashion industry, Reuters reported.

Keep reading... Show less
Climate
An art installation of a polar bear crossing a New York City street. Thomas Jackson / Getty Images

7 Events to Check Out During the 10th Annual Climate Week NYC

Monday marks the start of the 10th annual Climate Week NYC. From Sept. 24 to the 30, non-profit The Climate Group has invited businesses, governments, nonprofit organizations, universities and art and music organizations to host a wide variety of affiliated events devoted to raising awareness and prompting action around climate change.

Keep reading... Show less
Sponsored

mail-copy

The best of EcoWatch, right in your inbox. Sign up for our email newsletter!