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From the Economist "Ten business trendes for 2023"
2023 electric vehicle(sales) will accelerate less sharply. Global sales, which doubled in 2021, will increase by 25% to 10.8m units, or around 20% of the total (global) new-car market. China will account for more than half of these as it backtracks on plans to scrap tax breaks for fear of stifling demand. China will also impose the world’s strictest emission standards for fossil-fuel vehicles. Germany’s sales of electrics will slip as it cuts subsidies. But electrics offer the best hope for carmakers in the long run, so they will launch more of them.
-Interesting reading, for a mature industry like autos, this change in only a few years is huge. If a resession hits in the next year or two, could be a good opportunity to get an EV...
2023 electric vehicle(sales) will accelerate less sharply. Global sales, which doubled in 2021, will increase by 25% to 10.8m units, or around 20% of the total (global) new-car market. China will account for more than half of these as it backtracks on plans to scrap tax breaks for fear of stifling demand. China will also impose the world’s strictest emission standards for fossil-fuel vehicles. Germany’s sales of electrics will slip as it cuts subsidies. But electrics offer the best hope for carmakers in the long run, so they will launch more of them.
-Interesting reading, for a mature industry like autos, this change in only a few years is huge. If a resession hits in the next year or two, could be a good opportunity to get an EV...