{"id":580805,"date":"2023-01-19T13:33:37","date_gmt":"2023-01-19T13:33:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/demand-in-china-and-europe-is-pushing-up-evs-global-market-share-the-crypto-market-may-be-thawing\/"},"modified":"2023-01-19T13:33:37","modified_gmt":"2023-01-19T13:33:37","slug":"demand-in-china-and-europe-is-pushing-up-evs-global-market-share-the-crypto-market-may-be-thawing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/demand-in-china-and-europe-is-pushing-up-evs-global-market-share-the-crypto-market-may-be-thawing\/","title":{"rendered":"Demand in China and Europe is pushing up EVs\u2019 global market share + The crypto market may be thawing"},"content":{"rendered":"

<\/a> EVs are getting a bigger slice of the market share pie, thanks to China + Europe:<\/strong> Out of the c.80.6 mn cars sold worldwide last year, electric vehicles accounted for 10%, marking a \u201cmilestone\u201d for EVs\u2019 market share, the Wall Street Journal<\/a> reports, citing industry data. Globally, EV sales rose 68% y-o-y to reach 7.8 mn units in 2022 \u2014 at the same time that the total number of vehicles sold dipped 1% y-o-y. The surge was led primarily by China, where 19% of cars sold were EVs, along with Europe, where EVs accounted for 11% of sales. In the US, EVs\u2019 market share rose just 2.3 percentage points y-o-y and conventional vehicles continue to account for nearly 95% of automotive sales.<\/p>\n

Expect to see EVs\u2019 market share growing faster, soon \u2014 but volumes may drop:<\/strong> Automotive players expect to see \u201cstrong growth\u201d in the sale of electric vehicles in the next few years, particularly as conventional automakers begin rolling out their own electric models and industry leader Tesla introduces new models. In China, the \u201ctipping point\u201d where EV sales are on par with conventional vehicles could come \u201cbetween 2025 and 2030,\u201d according to Volkswagen\u2019s China head. But while EVs could account for a larger portion of total automotive market share moving forward, economic headwinds and reduced demand are expected to dampen sales volumes, analysts tell the Wall Street Journal.<\/p>\n

\n

Android + iOS users will now pay the same amount for Twitter\u2019s once-coveted blue<\/strong> check:<\/strong> Twitter\u2019s blue check mark \u2014 which was once given to verified public figures at no cost \u2014 can now be purchased by Android users through the Twitter Blue membership<\/a> for USD 11 per month, Reuters<\/a> reports. This pricing means Android and iOS users will pay the same amount for the membership, after Android users were initially going to be charged less. By pricing Android users\u2019 subscriptions at a higher rate, Twitter is looking to compensate for the costs charged by Android\u2019s Google Play Store and Apple\u2019s App Store. The company will also offer a lower yearly plan for web users at USD 84, compared to the USD 8 monthly web subscription price in select countries including the US, Canada, UK, Japan, New Zealand, and Australia. The controversial feature was introduced last year<\/a> to boost Twitter's income growth as Elon Musk battles to keep advertisers.<\/p>\n

<\/a> Is the crypto market getting a second chance at life?<\/strong> BTC is up by more than 25% since the beginning of the year, according to market data, suggesting the crypto market is thawing after a cold winter in 2022, the Financial Times<\/a> reports. The crypto rally is being fueled by optimism that the US economy will see a \u201csoft landing,\u201d as inflation begins to cool down and the US Federal Reserve starts to pull the brakes on its aggressive monetary tightening cycle. An optimistic outlook and a weakening USD are together pushing up \u201cmost asset classes,\u201d which is spilling over into crypto, analysts tell the salmon-colored paper.<\/p>\n

IN CASE YOU NEEDED REMINDING- <\/strong>The crypto market was in crisis late last year on the back of the FTX scandal, in which the crypto exchange \u2014 once one of the world\u2019s largest \u2014 collapsed after Binance abandoned its plans<\/a> to acquire FTX due to allegations of fraud. FTX filed for Chapter 11 in November<\/a>, setting off a domino effect on other crypto players that collapsed and filed for bankruptcy such as Genesis, Three Arrows Capital, and BlockFi.<\/p>\n

It wouldn\u2019t be crypto if it weren\u2019t weird and volatile:<\/strong> The surge in the broader crypto market also fueled a rally in a new dog-themed memecoin, bonk, which soared 5000% in its first few days of trading following its launch in December, Reuters<\/a> reports. The memecoin has since cooled down, but remains up 900% year-to-date, according to the newswire, highlighting the hyper-volatility of the tokens. Some of the most populars meme coins include Dogecoin<\/a>, which started the phenomenon, Shibu Inu<\/a>, and Dogelon Mars<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

EVs are getting a bigger slice of the market share pie, thanks to China + Europe: Out of the c.80.6 mn cars sold worldwide last year, electric vehicles accounted for 10%, marking a \u201cmilestone\u201d for EVs\u2019 market share, the Wall Street Journal reports, citing industry data. Globally, EV sales rose 68% y-o-y to reach 7.8 […]<\/p>\n","protected":false},"author":1,"featured_media":580806,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[144,344,633,356,638,1010],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-580805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-automotive","tag-cryptocurrency","tag-enterprisepm","tag-evs","tag-for-your-commute","tag-twitter","wpautop","entry"],"acf":{"mongo_id":"825c8c0a-32ce-4065-a934-437342cfc47b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/701.jpg","photo_position":"above","related_issue":[580800],"teaser":"","voice_url":""},"yoast_head":"\nDemand in China and Europe is pushing up EVs\u2019 global market share + The crypto market may be thawing - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/demand-in-china-and-europe-is-pushing-up-evs-global-market-share-the-crypto-market-may-be-thawing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Demand in China and Europe is pushing up EVs\u2019 global market share + The crypto market may be thawing\" \/>\n<meta property=\"og:description\" content=\"EVs are getting a bigger slice of the market share pie, thanks to China + Europe: Out of the c.80.6 mn cars sold worldwide last year, electric vehicles accounted for 10%, marking a \u201cmilestone\u201d for EVs\u2019 market share, the Wall Street Journal reports, citing industry data. 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proving more competitive \u2014 and appealing \u2014 than competitors","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/555.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585973,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/02\/evs-are-taking-up-a-bigger-slice-of-the-automotive-market-a-writers-strike-could-shut-down-hollywood-productions\/","url_meta":{"origin":580805,"position":1},"title":"EVs are taking up a bigger slice of the automotive market + A writers\u2019 strike could shut down Hollywood productions","author":"enterpriseam admin","date":"2 May 2023","format":false,"excerpt":"More countries are joining the push to grow the global EV market","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR 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The minister said that further details would not be provided until agreements and contracts are signed.\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/220.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574789,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/raya-auto-to-invest-egp-200-mn-in-ev-production\/","url_meta":{"origin":580805,"position":3},"title":"Raya Auto to invest EGP 200 mn in EV production","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"INVESTMENT WATCH- Raya Auto plans to invest EGP 200 mn in local EV assembly over the next three years: Raya Holding\u2019s automotive arm, Raya Auto, is investing EGP 200 mn in the local production of electric vehicles in the next three years, CEO Mohamed El Naggar said in an emailed\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555022,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/nissan-pours-more-into-evs-domestic-violence-is-costing-the-economy-bns\/","url_meta":{"origin":580805,"position":4},"title":"Nissan pours more into EVs + Domestic violence is costing the economy bns","author":"enterpriseam admin","date":"29 November 2021","format":false,"excerpt":"Domestic violence could be costing EU economies bns, with the European Institute for Gender Equality estimating that European economies are losing out on EUR 366 bn every year due to the negative psychological and physical effects of domestic violence on victims, Bloomberg reports. 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