Electric Business

2023 was a banner year for electric vehicles. Global EV sales rose by 30% and automakers in China, Europe and the US posted record EV deliveries. But key challenges are expected to stymie the growth of the industry in 2024. Can EVs become more attractive to ordinary motorists? How should companies and municipalities go about electrifying their commercial fleets? And what can governments do to strengthen their supply chains for essential EV components? These questions among others must be answered if electrification is to be achieved at scale.