Over 2.3 million electric cars were sold in the first quarter, about 25% more than in the same period last year. Global EV sales are expected to continue strongly through 2023. In Europe 23% of 2022 new vehicle sales were plugin electric, and 14% were fully electric. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022. Protecting this and all our other valuable IP in Asia and Europe is important particularly as we continue to consider international expansion opportunities.”Īccording to the International Energy Agency (IEA), the global electric car market is seeing exponential growth as sales exceeded 10 million in 2022. I’m not aware of any other company that can deliver a rapidly deployed EV charging infrastructure product that requires no site work at its destination and no connection to the grid. “Our ability to transform EV ARC into a compact shippable form-factor that can be easily shipped anywhere in the world in a container, is a significant differentiating advantage for us. “Beam Global already has various patents covering our rapidly deployed EV ARC systems and our energy storage solutions in the US, China, India and the EU,” said Desmond Wheatley, Beam Global’s CEO. The patent was issued on Main the European Patent Bulletin 23/10. 3377828 for the Company’s EV ARC™ product development, enabling configuration in a compact condition for shipping in a 20-foot shipping container (TEU) or on a flatbed, rail car, or the Company’s ARC Mobility™ proprietary transportation system. The European Patent Office granted European Patent No. All Rights Reserved.SAN DIEGO, (GLOBE NEWSWIRE) - Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced the issuance of another patent by the European Patent Office that covers the Company’s compact transportation-configurable EV ARC™ products. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. ![]() ![]() Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
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