The U.S. has finally arrived at the electric vehicle party, writes PWC strategy consulting firm strategy& in a recent study. In the United States, it says, sales of battery-electric cars in 2022 are up 88 percent from the previous year. In addition to the expansion of the charging infrastructure, the study authors cite high investments in new models and government incentives (keyword: Inflation Reduction Act) as the reasons for this development. China, the largest market for electromobility to date, is close behind the USA. In Europe, the growth rates are significantly lower. The growth rate in the fourth quarter of 2022 was particularly high in Germany, with strategy& reporting a year-on-year increase of 66 percent. Many customers had brought forward purchases because the government subsidy was reduced at the beginning of 2023.
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