In Europe, the electric bicycle market is booming. For every bike on the road, one in three is an e-bike. The United States is starting to see more e-bikes on the market and currently has more than 350,000 in circulation.
PALO ALTO, CA—Tesla Inc. has agreed to acquire ATW Automation, which builds battery and transmission assembly lines for major automakers like BMW and Daimler.
Sales of electric vehicles (EVs), particularly plug-in hybrids and full battery electrics, are growing faster than expected, according to a study released earlier this year by the Boston Consulting Group.
COEUR d'ALENE, ID–KORE Power, a leading developer of battery cell and energy system storage technologies, recently announced that it is building a large-scale battery cell manufacturing facility that will open in early 2021 and create an estimated 18,000 direct and indirect jobs.
Navigant says that plug-in electric vehicle sales last year doubled in North America, and sales in Europe and China increased 39% and 77%, respectively. And by 2030, annual PEV sales are estimated to be between 15% and 32% of the global light-duty vehicle market.