The automotive industry is entering a whole new era, thanks to the electric car and other autonomous vehicles. Increased congestion, pollution issues and quality of life are all factors that have played a part in the need to change the way we move around. We still have a long way to go, but it's clear that some countries are leading the way when it comes to modern mobility solutions.
Key technology companies in these countries appear to be implementing the building blocks for future mobility platforms. For instance, in China, online mapping services like Baidu Maps and AutoNavi already offer several ride-hailing services through their apps. They are now starting to integrate more public transport options.
Here are the countries leading the way to electric mobility.
China is considered to have one of the world's largest electromobility markets. In 2017, there were about 650,000 registered electric vehicles in the country. It was more than a third of the total number of electric vehicles in the world at the time. However, after starting to roll back subsidies for electric vehicles, they have fallen behind in terms of electric vehicles market share. Nevertheless, China is still at the forefront of the transition to electric mobility.
In the European market, Germany is the leader in plug-in electric car sales. In 2019, the government agreed with major players in the German automotive industry to encourage electric vehicles' mass production. This agreement also granted an increase in consumer subsidies for electric cars. When purchasing a car for less than 40,000 euros, consumers will now receive a subsidy of 6,000 euros compared to 4,000 euros previously.
South Korea is the country with the most fast-charging stations. The nation has 3910 charging stations for its 110,714 kilometres of roads. This equates to an average of one station every 28.3 kilometres, which is even better than China's one charging station every 43.5 kilometres. Additionally, South Korea has a strong focus on producing fuel cell electric vehicles and plans to produce more than 810,000 of these by 2022.