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Sales of new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) in 1Q22 was 2.004 million units

Two million NEVs (New Energy Vehicles) including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles were sold  in 1Q22, sa

A total of 820,000 new energy vehicles were sold worldwide in March 2022, an increase of 43% month-on-month and 66% year-on-year. Among them, 619,000 pure electric models were sold, up 52% MoM and accounting for 75% of the total sales, while 211,000 plug-in hybrids were sold, up 28% MoM and accounting for 25% of the total.

The success of the electric microcar from the GM-SAIC venture in China seems to have inspired the competition

+ The transition to electric mobility is happening faster than a lot of people think. Africa is actually in very good position to lead this transition going forward. That’s because a lot of African countries have low motorization rates, presenting a massive opportunity for another leapfrog event similar to the one seen with the mobile phone revolution. This transition will not necessarily be driven by traditional dealerships and franchises of legacy automakers, but by independent dealers who import new and used vehicles into African countries. In fact, tech & appliance stores and traders on...