In 2021, the global electric vehicle market will grow by 40%, with total sales exceeding 3 million units. As of 2019, more than 2 million electric vehicles have been sold worldwide, accounting for 2.5% of all vehicle sales. It is estimated that the compound annual growth rate of global electric vehicles in the next ten years will reach 29%; the total sales of electric vehicles It will increase from 2.5 million in 2020 to 11.2 million in 2025 and 31.1 million in 2030.
At present, ordinary automobiles mainly use fossil fuels as their power source, which not only consumes a lot of petroleum resources but is also one of the main culprits of greenhouse gas emissions. In order to cope with the global trend of energy-saving and carbon reduction, many countries have adopted vehicle electrification as an important greenhouse gas reduction measure.
The World Steel Association predicts that after a slight decline in steel demand in 2020, steel demand in 2021 will increase by 5.8% to 1.87 billion metric tons. The rebound in demand from the automotive industry is the main factor driving the growth of the steel market.
Plastic issues cover a wide range from waste such as bottles and cans to microplastics and are inseparable from the lives of the general public. The environmental problems caused using many plastics have long been widely recognized around the world. Blindly recycling can no longer solve the huge plastic pollutants. Seeking a comprehensive transformation of the system is the fundamental way.
Global environmental awareness is rising, and bicycles have gradually changed from sports and leisure functions to commuting means. Among them, electric bicycles have been fueled by an aging population, which has led to a substantial increase in the global output of electric bicycles in recent years.