Transformative Urban Mobility Initiative’s Post

🚍 🔌 Let’s take a look at the Electric Vehicle Outlook 2024 by BloombergNEF, highlighting how the global EV landscape is evolving faster than ever. The EV Outlook is an annual long-term publication looking at how electrification, shared mobility, autonomous driving and other factors will impact road transport in the coming decades.   💡 Here are some key takeaways:   📈 Rising Sales Across Developing Economies: Countries like Thailand, India, Turkey, and Brazil are witnessing record sales of low-cost electric models.   🚗 🔋 Chinese Automaker Expansion: Chinese companies are rapidly entering new markets, meeting the growing demand for affordable EVs in developing countries.   🌏 Geopolitical Shifts: Strong policy support has positioned China as a leader in battery production and the EV supply chain, prompting the US, Europe, and India to push back with their own domestic manufacturing efforts.   🔋 Technological Advancements: With battery costs dropping by 90% over the past decade, and further reductions on the horizon, the future looks bright for EV adoption.   🏛 Policy Uncertainty: Shifts in government subsidies and protectionist measures could impact global EV adoption rates, creating a complex environment for automakers and consumers alike.   🔗 Read the executive summary of the BloombergNEF Electric Vehicle Outlook 2024 report here: https://lnkd.in/e6xgkd7q   #ElectricVehicles #SustainableTransport #JustTransition

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Cyrus Mbugua

IFC EDGE® | SEA®| ActiveScore AP® | Circular & Regenerative Systems | Sustainable Mobility | Web3 | MEP Engineering | Facilities Management | ReFi | LCA | EPDs|

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