Electric-vehicle sales are soaring, driving changes in the market Electric-vehicle sales are soaring, driving changes in the market http://www.federatedinvestors.com/static/images/fhi/fed-hermes-logo-amp.png http://www.federatedinvestors.com/daf\images\insights\article\car-charging-stations-small.jpg October 26 2021 October 21 2021

Electric-vehicle sales are soaring, driving changes in the market

Electric vehicles are becoming more popular, but changing the market with each purchase.

Published October 21 2021
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Electric Vehicle Infographic alt text Title: Electric-Vehicle sales are soaring, driving changes in the market Published: October 21, 2021 Electric-vehicle sales are soaring, driving changes in the market. Market Growth. There was a 160 percent increase in electric-vehicle sales in the first half of 2021 versus the first half in 2020. 31.1 million in annual sales is expected by 2030. 145 million total electric vehicles are expected to be on the road by 2030. Lithium batteries demand are expected to grow at an annual rate of 30 percent through 2025. Projected growth for electric vehicle battery market. $27 billion in 2021. $67 billion in 2025. $127 billion in 2027. Public charging stations in America. There were 26,000 charging stations in 2020. 43,000 charging stations in 2021. 500,000* is the projected goal for 2030. *projected goal Information Sources: Associated Press, July 2020; Deloitte, July 2020; Barron’s, May 2021; CNBC, April 2021; EY Global, June 2021; Elements, September 2021; Power Technology, September 2021; Reuters, September 2021.