by positive impact on the environment. There is an energy crisis in the world caused by Russia’s invasion of Ukraine, which also reveals problems in the existing energy system. As greenhouse gas emissions increase and air pollution leads to millions of deaths annually, unstable costs affect consumers and businesses.
However, the current crisis may become a turning point in the development of sustainable energy. To transition to a cleaner and more reliable energy system, it is necessary to eliminate emissions from major sources of greenhouse gases, including electricity, industry, transport, and buildings. Electric vehicles are essential for reducing emissions and dangerous air pollution in cities, as well as reducing countries’ dependence on oil imports, as the transportation sector is the most actively using fossil fuels. But what prospects open up for investors in the electric vehicle industry, and how can money games help in this regard. Consideration of market trends, growth prospects, and the relationship of money games through this link https://imoneyslots.com/ua/igry-na-dengi-s-vyvodom.html with investment opportunities in the electric vehicle industry.
In the coming years, we can expect significant growth in electric vehicle sales, given recent developments and large scale government and industry programs. According to new research published in the well-known International Energy Agency’s World Energy Outlook report next month, by 2030 more than every second car sold in the US, the European Union, and China may be electric. The three largest automotive markets in the world are experiencing an incredible shift. If last year the share of electric vehicles in the global market was less than 10%, this year it may increase to about 40%.
Helping automakers rapidly increase production volumes
Electric vehicle sales are rapidly growing in China and Europe. The Inflation Reduction Act, which I believe is the most important energy and climate step taken by the government since the 2015 Paris Agreement, will help the US recover lost ground after many years of lagging behind. It includes key provisions for electric vehicles, which will allow for increased production, stimulated sales, and infrastructure creation, including charging stations.
By establishing strict environmental pollution standards, a plan to gradually phase out cars and vans with internal combustion engines by 2035, and supporting the installation of public charging stations, the “Fit for 55” package will help stimulate electric vehicle sales in Europe.
Provide consumers with tax incentives
The Inflation Reduction Act includes measures to tackle this issue in the US, such as a tax credit of up to $7,500 per vehicle, to address the issue of the high initial cost of purchasing electric vehicles in most markets, which is higher than gasoline cars. Similar policies are already in place in Europe, and China has just extended tax incentives for electric vehicles until the end of 2019.
With lower operating costs, electric vehicle owners can often recover the additional costs of their vehicles within a few years of purchase. IEA analysis shows that over time, electric vehicles will become the most economical option, despite the high cost of electricity currently.
