US advances in EV preparedness, Norway and China take the lead
China maintains its dominating lead in the most recent EY Electric Vehicle Country Readiness Index, with Norway not far behind. Notably, the United States has advanced significantly to take the third position, demonstrating the speeding up of the switch to electric mobility globally. China holds its position as the top country ready for an electric future and continues to drive the global electric vehicle (EV) boom. The massive investment in battery manufacture (which will account for 74% of all worldwide investment in 2022), skyrocketing consumer demand (58% of Chinese customers want to purchase an EV in the near future), and robust charging infrastructure are the main forces behind this supremacy. The world’s largest EV market by volume is still China. Norway, a pioneer in EV adoption, continues to rank as the country with the second-highest level of EV readiness. Due to significant subsidies and a high GDP per capita, the nation has an astounding 81% adoption rate of EVs, making them accessible to the general public. In addition, between 2022 and 2027, 83% of new cars in Norway will be electric. The United States moved up to third place, jumping from eighth. This quick rise is linked to advancements in…