There have been many false dawns in the electric vehicle industry. At the end of the 19th century, France and the United Kingdom were two of the pioneer countries in the field of electric vehicles. In these two countries at the time, wealthy car owners would drive electric cars for short trips around cities.
However, by the beginning of the 20th century, the discovery of abundant oil reserves and the construction of a larger road network weakened the reasons for using electric vehicles, and people turned to embrace fuel vehicles.
Today, more than a century later, severely polluting diesel and gasoline vehicles still dominate global vehicle sales, but there are encouraging signs that 2021 may be the beginning of a lasting electric future.
Norway, whose wealth is based on fossil fuels, became the first country in the world to sell more electric vehicles than gasoline, diesel and hybrid vehicles last year. In 2020, electric vehicles accounted for slightly more than 54% of all new vehicles sold in Norway,
setting a global record, compared to only 1% 10 years ago. Although there is still some way to go, Norway seems to be on track to achieve the 2016 goal set by the Norwegian government, which is to ban all internal combustion engine vehicles by 2025.
As policymakers from various countries seek to rebuild their economies after the Covid-19 (Covid-19) epidemic, Norway’s success in promoting electric vehicles can provide important lessons to guide other countries on how to use targeted vehicles. Sexual policies help change consumer behavior and stimulate private sector investment. As early as 1990,
the Norwegian government gave strong support to the electric vehicle industry in the form of temporary exemption of vehicle purchase tax, which later proved to be an important first step.
Ultimately, our goal must be to enable electric vehicle companies to achieve commercialization on their own strength. When the production cost of electric cars is comparable to traditional cars, a critical turning point will come.
Mass production and competition will help, and iPhone maker Apple (Apple) intends to enter the electric vehicle industry by cooperating with Hyundai, showing that both production and competition are advancing.
Norway has begun to abolish some of the fringe benefits previously granted to electric car owners, such as free parking, free charging and free tolls.
The next key question will be when to gradually resume the taxation of electric vehicles. A key challenge facing the electric vehicle industry will be how to produce more efficient batteries at a lower cost.
It seems that "global sales of electric vehicles will increase by 50% or more this year", the optimism in this forecast seems to be well-founded.
At the same time, Tesla's outstanding performance in the stock market-which has made Elon Musk the world's richest man-shows that no matter which company ultimately dominates the electric future, investors are betting Electric vehicles will continue to exist.
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