The year 2022 was key for the electric vehicle (EV) push: China extended the tax exemption on EV purchases until the end of 2023, Europe continues to move forward with the so-called "Target 55" to decarbonize the economy, and in the U.S. President Joe Biden launched the Inflation Reduction Initiative (IRA) which includes significant subsidies for electromobility.

In this context, new EV models are expected to arrive in 2023, both from established automakers and from firms created specifically for this market.models, both from established automakers and from firms created specifically for this market. In the U.S. alone, 20 new EV models are expected to be launched during 2023.

And there is a market. S&P Global Mobility forecasts that demand for passenger EVs in 2023 will reach 10 million units, representing 13.3% of total passenger vehicle demand for the year. The consultancy warns, however, that this move towards electromobility will put upward pressure on EV prices in the short and, perhaps, medium term.The consultant warns, however, that this move towards electromobility will put upward pressure on EV prices in the short and perhaps medium term, while some questions remain, such as whether the charging infrastructure will keep pace with the EV fleet or whether there will be sufficient battery supply.