Electric car sales now account for at least 5% of total new car sales in 23 countries, according to an analysis by Bloomberg.
Convincing everyone to adopt a new technology can be a slog at first. The humble microwave oven, for example, took two decades of lukewarm sales to reach just a tenth of US households.
, 19 countries had passed what’s become a critical EV tipping point: 5% of new car sales powered only by electricity. The trajectory laid out by these early adopters shows how EVs can surge from 5% to 25% of new cars in just four years.Most successful new technologies — televisions, mobile phones, LED lightbulbs — follow an S-shaped adoption curve.In the case of fully electric vehicles, 5% seems to be the inflexion point.
There were reasons for that delay. Americans spend more time in their cars than any other populace, andPickup trucks and large SUVs, which make up more than half of the US market, were also slow to electrify due to theirToday, US EV sales are rising fast — up 42% in the second quarter compared to the same period a year ago — but haven’t quite matched the explosive trajectory of other countries that crossed over.
Countries that cross the tipping point have seen rapid rates of adoption, with a median sales growth of 55% last quarter compared to the same period a year ago. Other countries, including the US and China, mostly skipped hybrids and went straight to fully electric vehicles.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pandor hails Brics summit - 'All in all big success, congrats SA'Pandor said one of the key values of the Brics summit was inclusion.
Read more »
Martín laments missed chances after big loss to ChiefsAmaZulu head coach Pablo Franco Martín bemoaned his side's missed chance after the defeat to Kaizer Chiefs on Saturday evening.
Read more »
Big week for women's cricket clouded by Proteas coaching saga: Moreeng denies riftThe celebration of the establishment of CSA's professional women's league has been tempered by the Proteas' reported reservations over head coach Hilton Moreeng's contract being extended.
Read more »
| Big winners and must-provers in Sunday's Dutch Grand PrixMax Verstappen may be poised for victory in Sunday's Dutch Grand Prix, but the action will unfold behind him.
Read more »
Poch makes big claim about Chelsea's African starChelsea manager Mauricio Pochettino has backed Senegal international Nicolas Jackson to become a Premier League great.
Read more »