Boom simply means that a product/category is seeing more popularity, no matter the reason.
Only being able to buy EVs these past couple years kinda had an outsized influence on the market.
p>The number of EVs went up by over five-fold, that is a boom. You may not *like* why it happened, but it happened.
This quote stands out to me:
The Ethiopia story is fascinating," said Colin McKerracher, head of clean transport at BloombergNEF. "What you're seeing in places that don't make a lot of vehicles of any type, they're saying: 'Well, look, if I'm going to import the cars anyway, then I'd rather import less oil. We may as well import the one that cleans up local air quality and is cheaper to buy.'"
Saying "We may as well import the (cars) that cleans up local air..." ignores the fact that it is illegal to import non-EVs, there's no choice.
The actual increase in EV cars on the road is easily attributable to consumers simply replacing older cars as they wear out EV market share went up 5% over two years, that's 2.5% a year - if a car lasts 40 years, you'd expect to turn over about 2.5% of the nations fleet each year.
Further given the context, I don't think it's like the people are going to call 'bullshit' or anything, the entire nation has fewer cars than you'll find in medium sized US cities. Looks like you might be over a hundred miles from the nearest gas station for most of the country. Looks like there's no such thing as convenient long-haul refueling for gas either.
They went from tariffs on ICE cars to banning them, from subsidized gasoline to EV, this is a crazy market.
You can not say that the people chose or embraced EVs in any meaningful way - Al, you can say is when all they could buy were EVs, people bought EVs at about the same rate they previously bought ICE vehicles.