G-7 Leaders Looking Beyond Oil to Electric Cars

The G7 leaders are meeting in Cornwall, UK, to discuss plans for increasing electric vehicle (EV) sales and decarbonizing the transport sector by 2030. Europe leads in EV adoption, while the US lags behind. The Biden administration aims to boost EV sales through tighter fuel standards and subsidies. Despite supply chain issues, investments in battery manufacturing are expected to meet future demand.

What is the primary focus of the G7 leaders' meeting in Cornwall, UK?

• Discussing global economic policies

• Transitioning from gasoline to greener vehicles

• Improving digital infrastructure

• Addressing international trade agreements

Which region was leading in electric vehicle sales in 2020?

• Japan

• Europe

• Australia

• North America

What percentage of global passenger EV sales is expected to be electric by 2030 according to BNEF?

• 50%

• 20%

• 33%

• 60%

What measures might the Biden administration consider to boost EV sales in the US?

• Banning EV imports

• Eliminating EV mandates

• Increasing EV subsidies

• Reducing fuel economy standards

What is the current status of the supply chain for battery manufacturing in the US?

• No investments in battery manufacturing

• Sufficient supply to meet demand

• Complete reliance on imports

• Severe long-term constraints