Thread by @jljcolorado

1/ Electric Vehicles Keep Defying Almost Everyone’s Predictions

"There are now almost 30 million electric vehicles on the road in total, up from just 10 million at the end of 2020. E.V. market share has also tripled since 2020."

nytimes.com/2023/01/11/opi… by @dwallacewells

2/ "In 2020, the International Energy Agency @IEA [famous for its poor predictions] projected that the global share of electric vehicle sales would not top 10% before 2030. It appears we’ve already crossed that bar 8 years early"

[We need this to go fast to #EndFossilFuels]

3/ "We used to worry whether there would be sufficient demand for electric vehicles, particularly given their cost and range limitations"

"But demand already outstrips supply, which, in addition to driving up the cost of E.V.s and creating manufacturing and delivery delays"

4/ "The vast majority of EVs are now sold in the richer economies, and challenges like charging infrastructure are potentially much larger in lower income countries"

"But there, at least for now, the EV revolution is different: often 2 or 3 wheels rather than 4"

5/ But we need to go much faster:

"Economists call this a problem of stocks rather than flows. The “flows” are indeed impressive, but the “stock” of E.V.s on the road is probably only 2% of the global fleet, which still isn’t close to 100% at all"

assets.bbhub.io/professional/s…