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Hyperloop, hydrogen-powered trains, and air-taxis. As the 21st century progresses, the way people get from A to B is on the cusp of a significant shift driven by design and innovation.

While the above technologies may be a few years off from widespread adoption, that’s not to say change isn’t already afoot.

Around the world, national and municipal governments are attempting to slash emissions and boost urban air quality, with many putting their faith in a growing sector: battery electric vehicles. 

There’s undoubtedly momentum behind the industry. A recent report from the International Energy Agency stated roughly 3 million new electric cars were registered last year, a record amount and a 41% rise compared to 2019.

Looking ahead, the IEA says the number of electric cars, buses, vans and heavy trucks on roads — its projection does not include two- and three-wheeled electric vehicles — is expected to hit 145 million by 2030.

If governments ramp up efforts to meet international energy and climate goals, the global fleet could increase further still, expanding to 230 million by the end of the decade.

A changing world 

As the number of electric vehicles on the planet’s roads increases, society will need to adapt.

Extensive charging networks, for example, will need to be rolled out to meet increased demand and dispel lingering concerns around “range anxiety” — the idea that electric vehicles aren’t able to undertake long journeys without losing power and getting stranded.

Another area where we will notice change relates to noise: As well as boasting zero tailpipe emissions, electric vehicles are far quieter than their diesel and gasoline cousins.

This means less noise pollution in urban areas — clearly a good thing — but also throws up a potential challenge for other road users, especially those with sight problems. 

“For people who are blind or partially sighted, judging traffic can be really difficult,” Zoe Courtney-Bodgener, policy and campaigns officer at the U.K.-based Royal National Institute of Blind People, told CNBC in a phone interview.

Courtney-Bodgener explained that an increasing number of “quiet” modes of transport were now being used, giving the example of bicycles and larger electric and hybrid vehicles.

“If you can’t always or reliably use vision to detect those vehicles, then sound is even more important,” she went on to state.

“And when the sound is not there, or is not loud enough to be able to reliably detect those vehicles, obviously that presents danger because … you’re not reliably able to know when a vehicle is approaching you.”

The law of the land

It should be noted that, around the world, legislation and technology have already been introduced in a bid tackle this issue.

In the European Union and U.K., for example, all new electric and hybrid vehicles will have to use an acoustic vehicle alerting system, or AVAS, from July 1. This will build upon and broaden previous regulations which came into force in 2019. 

Under the rules, the AVAS is supposed to kick in and make noise when a vehicle’s speed is under 20 kilometers per hour (around 12 miles per hour) and when it’s in reverse.

According to a statement from the U.K. government in 2019, the sound “can be temporarily deactivated by the driver if judged necessary.”

The EU’s regulation says the noise made by the AVAS “shall be a continuous sound that provides information to the pedestrians and other road users of a vehicle in operation.”

“The sound should be easily indicative of vehicle behaviour,” it adds, “and should sound similar to the sound of a vehicle of the same category equipped with an internal combustion engine.”

The RNIB’s Courtney-Bodgener told CNBC that while her organization was “happy” the AVAS directive had been translated into U.K. law, it did not “do all of the things that we want it to do.”

She went on to explain how the speed at which the AVAS cuts in perhaps needed to be increased to 20 or 30 miles per hour.

“We’re not convinced that if … a vehicle is travelling at, say 13 miles per hour, it would generate, on its own, enough noise for it to be reliably detectable by sound.”

Another area of concern relates to older vehicles. “There are already lots and lots of electric and hybrid vehicles that were produced before this legislation came into force and do not have the sound technology on them,” she said.

There was currently no provision to retrofit these, she added. “That is a concern because there are already thousands of vehicles on roads around the U.K. that do not have the AVAS technology.”

From the industry’s point of view, it seems to be content with the regulations already in place. In a statement sent to CNBC via email, AVERE, The European Association for Electromobility, told CNBC it supported the “current legislative status quo.”

“The limit of 20 km/h is sufficient, since at this level other noises — notably rolling tyre resistance — take over and are sufficient for pedestrians and cyclists to hear EVs and hybrids approaching,” the Brussels-based organization added.

“In fact, mandating additional noise beyond 20 km/h would rob European citizens of one of the primary benefits of electrification: reduced noise levels at city speeds.”

Noise pollution can indeed be a serious issue. According to the European Environment Agency, over 100 million people in Europe “are exposed to harmful levels of environmental noise pollution.” The agency singles out road traffic noise as being “a particular public health problem across many urban areas.”

On the subject of older cars needing to be updated, AVERE said: “Only a very small share of EVs on European roads would be subject to retrofitting requirements, given the fact that many existing vehicles have already been fitted with AVAS in anticipation of the new requirements, and that the rules have been put in place in time to support the expected mass uptake of EVs in coming years.”

If “additional requirements” were found to be necessary, AVERE said it stood ready to engage with policymakers.

The future

Discussions and debate surrounding this topic look set to continue for a good while yet and it’s clear that a balance will need to be struck going forward.

Regardless of whether one thinks the current legislation goes far enough or not, the fact remains these types of systems are set to become an increasingly important feature of urban transport in the years ahead.

Robert Fisher is head of EV technologies at research and consultancy firm SBD Automotive.

He told CNBC via email that testing conducted by the company had “found AVAS to be quite effective” but went on to add that if a pedestrian wasn’t familiar with the noise, “they may not automatically associate it with the presence of an approaching vehicle.”

“Currently, AVAS is mostly hindered by inconsistent legislation and a lack of innovation,” he said, before going on to strike a positive tone regarding the future.

“As we move away from the internal combustion engine, this technology has the potential to become a key part of a car’s character, a point of brand differentiation, and has the ability to save lives.”

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Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk

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Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk

Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021.

Handout | Via Reuters

Block jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.

The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee, which connect fintech platforms to users’ bank data.

In a note to clients on Monday, Evercore ISI analysts said the potential new expenses were “far from a ‘business model-breaking’ cost increase.”

In addition to Block’s rise, PayPal climbed 3.5% on Monday after sliding Friday. Robinhood and Shift4 recorded modest gains.

Broader market momentum helped fuel some of the rebound. The Nasdaq closed at a record, and crypto rallied, with bitcoin climbing past $123,000. Ether, solana, and other altcoins also gained.

JPMorgan announces plans to charge for access to customer bank data

Evercore ISI’s analysts said that even if JPMorgan’s changes were implemented, the most immediate effect would be a slight bump in the cost of one-time account setups — perhaps 50 to 60 cents.

Morgan Stanley echoed that view, writing that any impact would be “negligible,” especially for large fintechs that rely more on debit, credit, or stored balances than bank account pulls for transactions.

PayPal doesn’t anticipate much short-term impact, according to a person with knowledge of the issue. The person, who asked not to be named in order to speak about private financial matters, noted that PayPal relies on aggregators primarily for account verification and already has long-term pricing contracts in place.

While smaller fintechs that depend heavily on automated clearing house (ACH) rails or Open Banking frameworks for onboarding and compliance may face real pressure if the fees take effect, analysts said the larger platforms are largely insulated.

WATCH: Congress moves to redraw $3.7 trillion crypto market rules, opening door to Wall Street

Congress moves to redraw $3.7 trillion crypto market rules, opening door to Wall Street

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EV sales hit 9.1M globally in H1 2025, but the US just hit the brakes

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EV sales hit 9.1M globally in H1 2025, but the US just hit the brakes

The global EV market is still charging ahead. According to new numbers from global research firm Rho Motion, 9.1 million EVs were sold worldwide in the first half of 2025, up 28% compared to the same period last year. But not every region is accelerating at the same pace.

China and Europe are doing the heavy lifting

More than half of the world’s EVs this year have been bought in China. That market hit 5.5 million sales in the first six months of 2025 – a 32% jump year-over-year. Around half of new cars bought in China are now electric.

While some Chinese cities’ subsidies have dried up, Rho Motion expects momentum to pick back up later in the year as more funding is released.

In Europe, 2 million EVs were sold in the first half of the year, up 26%. Battery electric vehicle (BEV) sales also rose 26%, thanks in part to affordable models like the Renault 4 (pictured) and 5 entering the market. Plug-in hybrids (PHEVs) weren’t far behind, growing 27% year-to-date. Chinese automakers are leaning into PHEVs as a way to work around the EU’s new tariffs on BEVs.

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Spain is leading the pack with EV sales soaring 85% so far this year. Its generous MOVES III incentive program was extended in April and has kept sales strong. The UK and Germany are also seeing solid growth – 32% and 40%, respectively. France, however, is slumping. With subsidies cut, EV sales there have dropped 13%.

North America is stuck in the slow lane

Things aren’t looking quite as bright in North America. EV sales in the US, Canada, and Mexico are up just 3% so far this year.

Mexico is the one bright spot, with a 20% boost. The US is up 6%. But Canada is down a whopping 23%.

And things could get bumpier. On July 4, Trump signed Congress’s big bill into law, which axes all the Inflation Reduction Act EV tax credits. Those consumer credits for EVs now officially end on September 30.

Just over half of the EVs sold in the US this year qualified for those credits. Rho Motion predicts a rush in Q3 before the subsidies disappear – and a decline in sales after that.

Rho Motion data manager Charles Lester said, “With Trump’s latest cuts in his ‘Big Beautiful Bill,’ the US could struggle to see any growth in the EV market overall in 2025.”

Global EV sales snapshot, H1 2025 vs H1 2024

  • Global: 9.1 million (+28%)
  • China: 5.5 million (+32%)
  • Europe: 2.0 million (+26%)
  • North America: 0.9 million (+3%)
  • Rest of world: 0.7 million (+40%)

Read more: China breaks records as global EV sales hit 7.2 million in 2025


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The Lucid Air is crushing the competition as the best-selling luxury EV sedan in the US

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The Lucid Air is crushing the competition as the best-selling luxury EV sedan in the US

Lucid’s electric sedan can drive further, charge faster, and packs more advanced tech than most of the competition. That might explain why it’s leading the segment. The Lucid Air remained the best-selling luxury EV sedan in the US after widening its lead in the Q2.

The Lucid Air is America’s best-selling luxury EV sedan

The 2025 Lucid Air Pure arrived as the “World’s most efficient car” with an EPA-estimated range of 420 miles and a record 146 MPGe.

It just set a new Guinness World Record last week for the longest journey by an electric car after travelling 749 miles (1,205 km) on a single charge.

That record was set in the range-topping Lucid Air Grand Touring model, which is rated for up to 512 miles of EPA-estimated range. On the WLTP scale, it’s rated at 597 miles (960 km). Either way, it still crushed the estimates.

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According to second-quarter sales data, released by Kelley Blue Book on Monday, the Lucid Air is still America’s best-selling luxury EV.

Lucid sold 2,630 Air models in Q2, up 10% from the previous year. Through the first half of 2025, Lucid Air sales are up 17% with 5,094 units sold.

Lucid-Air-best-selling-luxury-EV-sedan
Lucid Air (Source: Lucid)

Tesla, on the other hand, only sold 1,435 Model Ss during the quarter, 71% fewer than it did in Q2 2024. Tesla Model S sales in the US are down 70% through the first half of the year at 2,715.

Although Porsche Taycan sales were up 32% with 1,064 models sold, the significantly upgraded 2025 model year was expected to see even more demand. Porsche has 2,083 Taycans in the US this year, up just 1% from 2024.

Lucid-best-selling-luxury-EV-sedan
Lucid Air Pure interior (Source: Lucid)

Other luxury EV sedans, such as the BMW i5 (1,434), i7 (820), and the Mercedes EQS (498), experienced steep double-digit sales declines year-over-year.

And it’s not just electric luxury sedans. The Lucid Air is currently outselling many gas-powered vehicles in its segment.

Lucid-Air-best-selling-luxury-EV-sedan
Lucid Air (left) and Gravity (right) Source: Lucid

Lucid’s first electric SUV, the Gravity, is also rolling out. Although only five were sold in the second quarter, Lucid is quickly scaling production. Lucid aims to produce 20,000 vehicles this year, more than double the roughly 9,000 it built in 2024.

Earlier today, Lucid’s interim CEO, Marc Winterhoff, confirmed during an interview with Bloomberg that the company expects higher Gravity output in the second half of the year.

The interview was at the grand opening of Panasonic’s new battery cell plant in De Soto, Kansas. Winterhoff said Lucid will start using new cells from the facility, but not until next year.

Lucid’s CEO stressed the importance of establishing a local supply chain, as policy changes under the Trump Administration are taking effect. Lucid and Panasonic are collaborating to localize EV materials, such as graphite. Last month, Lucid secured a multi-year supply agreement with Graphite One for US-sourced Graphite.

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