Automobile manufacturers revise their transportation strategies to boost electric vehicle adoption
The electric vehicle (EV) revolution is not a recent phenomenon. In fact, the use of EVs predates the last century, with the invention of the first practical electric car happening as early as 1890. William Morrison, from Des Moines, Iowa, was the pioneer behind this groundbreaking innovation.
Morrison's invention marked an early milestone in electric vehicle history, setting the stage for the technology's development over the subsequent decades. Electric motors as a means of propelling vehicles have been in existence since 1890, paving the way for the EVs we know today.
Fast forward to the 21st century, and the electric vehicle market has been one of the fastest growing sectors of the automotive industry. The sector has received strong governmental and regulatory support due to its potential to reduce greenhouse gas (GHG) emissions, a significant challenge that EVs are poised to address.
The electric vehicle market's growth in the last decade is not the first instance of the use of electric vehicles. However, it has seen a remarkable surge, with the US market share of EVs and hybrids increasing from 0.2% of total car sales in 2011 to 4.6% in 2021.
Chinese automaker BYD has been one of the strongest drivers in the development and market introduction of electric vehicles in recent years. Supported by international leasing partnerships, BYD has enhanced its market presence in Europe, suggesting it leads the current push in the EV market. Tesla remains a major pioneer and key player globally, though its new registrations in Germany have declined somewhat in 2025. European companies like Renault have also been advancing electric vehicle technology since 2011, but BYD's rapid global expansion and partnerships set it apart.
According to research from the International Energy Agency (IEA), similar results have been seen across the globe. The electric vehicle technology has a history that predates its recent growth in the market, with the potential to solve several challenges associated with traditional vehicles driven by an internal combustion engine (ICE).
As we move forward, the EV market is expected to continue its growth trajectory, offering a promising solution to the environmental challenges posed by traditional vehicles. The future of transportation looks increasingly electric.
