influential global cities are located disproportionately in certain parts of the world.

The Rise of Electric Vehicles: A Global Phenomenon with a Growing Influence

As the world continues to grapple with climate change, electric vehicles (EVs) have emerged as a crucial component in the fight against emissions. With over 85% of car sales worldwide subject to fuel economy and tailpipe CO2 standards, the gradual tightening of these regulations has propelled EVs to the forefront. This phenomenon is not limited to a single region or city; influential global cities are located disproportionately in certain parts of the world, such as Asia and Europe.

In regions like Norway, the United States, and China, governments have implemented measures to encourage the adoption of electric light-duty vehicles (LDVs). These initiatives, including purchase subsidies and vehicle registration tax rebates, have been designed to reduce the price gap with conventional vehicles. The result has been a significant increase in EV sales, with over 4.6% of total car sales worldwide now comprising electric cars.

The growth of the EV market has also been driven by policy support for medium- and heavy-duty vehicle segments. As governments continue to prioritize climate goals, it is essential that these policies are expanded to include additional measures such as critical battery technology initiatives and increased availability of electric vehicle models.

The 2020s have seen a pivotal moment in the electrification of mass market transportation, with ten million electric cars on the world's roads by the end of the year. While this progress has been impressive, the challenge remains enormous. To meet climate goals, it is estimated that over 230 million EVs will need to be on the road by 2030.

As we look ahead to the decade of mass adoption of electric light-duty vehicles, influential global cities will play a crucial role in driving this change. By embracing policies and technologies that support the growth of EVs, these cities can lead the way towards a more sustainable future for transportation.

Influential global cities are located disproportionately in certain parts of the world.