There are around 5 million EV on the roads, comparing to 2018’s 3 million
In the era of electric vehicles, China leads the market, followed by Europe and the US. However, according to GlobalData, large-scale commercial production of EVs by the big car makers is unlikely to take off until 2025.
A booming EV market increases economies of scale, thus leading to the EV battery prices cuts. Battery factories around the world have scaled up for the EV’s batteries production.
Recently, Engie SA, a major French utility company, was involved in the acquisition of ChargePoint Services, a provider of integrated EV charging solutions, from Gresham House. It will boost Engie’s existing EV capabilities and will set up Engie as an EV infrastructure company in the UK.
Shell has also announced to buy Greenlots, a leader in providing EV charging and energy management software and solutions in the US. This way, Greenlots will strengthen its growth efforts and enable global expansion of its mobility services across utilities, cities, automakers, fleets, and drivers.