GM in October said it was abandoning a goal of building 400,000 EVs from 2022 through mid-2024 as it delays production of electric pickup trucks at its plant in Michigan s Orion Township by a year. GM also in October scrapped a USD 5 billion plan to jointly develop affordable EVs with Honda Motor .
Electric Car Sales: Sales of new cars fell in Germany in November, official data showed Tuesday, dragged down by plummeting demand for electric vehicles as government incentives ran out. Customers had raced to buy electric cars late last year to take advantage of government incentives before they were phased out, and demand has declined sharply since then.
Growing sales of electric vehicles in recent years have led forecasters to speed their projections for when global oil use will peak, as public subsidies and improved technology help consumers overcome the sometimes eye-popping sticker prices for battery-powered cars, according to industry experts.
Nick Wayth from the Energy Institute reviews key takeaways from this year's Statistical Review of World Energy and the progress he hopes to see materialize at COP28.