Zero Emission Vehicle Market: A Paradigm Shift Away from Conventional Cars
The global zero emission vehicle (ZEV) market, which recorded revenue exceeding US$180 billion at the close of 2021, is on the verge of a quantum leap that is set to redefine the automotive industry through 2027. This monumental growth aligns seamlessly with the global sustainability drive and underscores the pivotal role of ZEVs in achieving cleaner air and a stable climate.
Used ZEVs Emerge as the Next Frontier
The International Council on Clean Transportation (ICCT) predicts a significant shift in the ZEV landscape, with used zero emission vehicles expected to become mainstream within the next two decades. This transformation is driven by the rapid technological advancements in ZEVs, which result in faster depreciation compared to conventional vehicles. Furthermore, used ZEVs promise su...
