The number of electric vehicles on roads worldwide rose to a record high of 3.1 million in 2017, but more research, policies and incentives are needed to drive further adoption, the International Energy Agency said. The number of electric cars, including battery-electric, plug-in hybrid and fuel cell electric passenger light-duty vehicles, increased by 57 percent compared with 2016, the IEA said in a report. China accounted for 40 percent of the global total last year.

As of the end of 2016, two million electric vehicles (EVs) had hit the roads globally, or according to the IEA 0.2% of all passenger cars. Auto manufacturers have invested substantial capital into EV technology, betting EVs are the future of the transportation. Tesla, the leading manufacturer of EVs, have showcased to the world the potential of EVs. The introduction of the Model 3, and other manufacturers releases at competitive price points, EVs are set to disrupt the global

Deliveries of all-electric vehicles and plug-in hybrids jumped 53 percent year on year to 777,000 vehicles in 2017 with the aid of government subsidies. Automakers sold 652,000 all-electric vehicles and 125,000 plug-in hybrids, said the China Association of Automobile Manufacturers. Among the battery EV sales, 468,000 were passenger vehicles and 184,000 were commercial vehicles. Of the plug-in hybrids, 111,000 were passenger vehicles and 14,000 were commercial vehicles.

Forecasts of how many electric vehicles (EVs) will be joining the global fleet are all moving in the same direction — up. Exxon Mobil Corp. raised its 2040 forecast to 100 million EVs from 64.8 million the previous year. Last year BP predicted 71.4 million by 2035, and now it sees 100 million. The International Energy Agency more than doubled its base-case EV forecast for 2030. OPEC outdid them all. In 2016, the group predicted 266 million EVs in 2040, almost six times the ye

The Renault-Nissan alliance has announced plans to build electric cars in China in a new venture with Dongfeng Motor, joining the scramble by global automakers to meet Beijing's stringent quotas for zero-emission vehicles. The venture, eGT New Energy Automotive Co, will develop an electric mini-SUV to go into production in 2019 by Dongfeng, the carmaking alliance said, for sale under the partners' own brands. Dongfeng already builds conventional vehicles with Nissan and its F

CHINA is extending its lead in the development of new-energy vehicles this year, mainly driven by rapid market growth and increasing battery production capability, according to a report published by German consulting firm Roland Berger. In terms of the sales target of electric vehicles, China sets a target of having electric vehicles account for 15 percent to 20 percent of the total car sales in 2025 and 40 percent to 50 percent of those sold in 2030, Roland Berger said in it