It is safe to say that battery-powered vehicles are taking over the automobile market. The growth of the Electric Vehicles (EV) market has been significant despite the COVID-19 pandemic and the resulting supply chain bottlenecks. Despite these recent challenges and rising production costs as a result of increasing raw material prices, EV sales are still going up at a fast rate. If this continues, they are set to surpass the sales of conventionally propelled vehicles (i.e., vehicles with internal combustion engines) . Compared to 2020, sales of new electric vehicles more than doubled in 2021 with an increase of 51.8%. This brought EV sales to about 5% of global passenger car sales in 2021.
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Transportation
Electric Vehicles
— Statista
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Select Advertising M&A Transactions
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sold
Driivz
transportation — Electric Vehicles
Driivz is a leading provider of EV charging and energy management software.
Acquired by Vontier
sold
EB Charging
transportation — Electric Vehicles
EB Charging is a provider of integrated EV charging and sustainable energy solutions based in the United Kingdom. This acquisition marks Blink’s first entry into the UK and adds more than 1,150 chargers, installed or committed for delivery, to its footprint, accelerating Blink’s global expansion, now present in more than 18 countries.
Acquired by Blink Charging
sold
SemaConnect
transportation — Electric Vehicles
SemaConnect provides electric vehicle infrastructure products in North America. The transaction will add about 13,000 electric vehicle chargers to Blink, as well as 1,800 site host locations and 150,000 registered electric vehicle driver members.
Acquired by Blink Charging