Happy New Year! We are excited for the many opportunities we see coming on the horizon, in both the EV world and at Volta.
This year, Volta continues to stay committed to driving our site partners’ goals through data-driven insights and leveraging our suite of solutions to meet the demand from the growing number of EVs on the road. Supported by constant investment in our data backbone and top-tier data analyst team, Volta has developed a robust one-of-a-kind tool, PredictEV, to ensure our partners capture and benefit from the largest shift in fueling behavior in generations.
Read on to learn about hot industry announcements and where the market is headed in this month’s edition of the Volta View.
EV Industry Buzz
CES 2022 EV News Roundup
CES returned ‘home’ to Las Vegas welcoming well over 40,000 attendees in person, including 1800 global media, across 11 indoor and outdoor venues. The show was truly a global event, with 30% of attendees traveling from outside the US – representing 119 countries. To see some of the highlights read more here.
EV Market Acceleration
The EV Adoption Curve is Skyrocketing Past Expectations
Just last year, many key EV industry analysts urgently readjusted their 2019 projections including Bloomberg New Energy Forecast, which increased their projections up 36% from just under 500M vehicles to 700M vehicles. Factors influencing these revisions include:
$515 billion in automaker investments over the next 5-10 years
$7.6 billion in policy and stimulus commitments related to EV charging
A conscious consumerism shift wherein 41% of people plan to buy an EV
An all-electric vehicle focus where 71% of EV sales are battery electric only
The Rise of the Climate Conscious Consumer [REPORT]
More than 50% of the general population would be more interested in doing business with a company that commits to sustainability efforts. Volta’s new, in-depth report uncovers the major consumer segments driven by sustainability, dives into the views and habits of these climate conscious consumers, and provides brands with a checklist to win this growing audience.
