The share of electric vehicles in sales of new passenger vehicles is set to more than double globally in the next few years — to 30% in 2026.

As the recovery of global auto sales takes shape, it’s becoming clearer that sales of internal combustion vehicles are unlikely to ever return to pre-pandemic levels.

Global spending on electric vehicles is surging. According to a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before.

As electric vehicle sales take off, the number of them on the road is growing faster than the number of public charging points to support them.

Subsidies for electric vehicles are heading in very different directions in different parts of the world.

Autonomous vehicles are mostly electric so far. That’s one of the main conclusions of BloombergNEF’s just-published annual report analyzing the state of AV testing programs in the U.S. and China.

Elon Musk is skeptical of putting lidar sensors on vehicles, but a growing number of his competitors are quietly adding the technology to their lineup.