The first recorded attempts at developing an electric vehicle can be traced back to 1828, when horses and buggies were still the main mode of transportation.
The first hybrid electric vehicle was developed by Porsche in 1901. But cheap oil prices, and affordable gas-powered vehicles like Ford’s famous Model T make electric vehicles a distant memory for much of the 1900’s.
Soaring gas prices in 1968 bring back some interest, and finally the 1970’s bring us the first commercially available EVs.
But it wasn’t until the launch of the Toyota Prius, the first mass-produced hybrid in 1997, that the world considers beginning the transition to electric powered vehicles.
Then, Tesla motors comes on the scene in 2006 and is incites a revolution.
The State of the Electric Vehicle Revolution 2023
Global electric vehicle (EV) stock has surpassed 30 million, and China is home to over half of all the EVs on the world’s roads. 1 in 7 new cars sold last year was electric, and by 2030, we will have 138 Million EVs.