The rise of electric and plug-in hybrid vehicles will require changes in battery technology, charging infrastructure, and power grids. Sam Abuelsamid, Principal Analyst, E-Mobility Guidehouse Insightsjoin the conversation to discuss electrification issues, from battery technology and mobility to smart cities and EV range anxiety. charging networkand the distributed energy grid Evolving all around us. Sam explains that recycling is essential to producing enough batteries for the growing number of electric and hybrid vehicles without rampant mining. Guidehouse recently published a report stating: Developing a recycling solution for used EV batteries.He also shares what it's like the car he will buy this year.
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EVs will account for 14% of new cars sold worldwide in 2022, and the International Energy Agency predicts that sales will increase by another 35% to 18.9% this year. China accounts for more than half of global sales. In the US, 7.2% of cars sold in the first quarter of this year were EVs. Plug-in hybrids account for around 13% of sales, meaning around 20% of cars sold will require new battery technology. As we heard in a previous interview, the battery supply chain is still forming, and lithium and some key minerals are still in short supply. For more information about Guidehouse Insights, please visit his website at: https://guidehouseinsights.com/
Editor's note: This article was originally published on October 30, 2023.