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💰 36% US Pell Grant Decline. China EV Dominance. Diabetes Drug Usage.

Chart of the Day #116 looks at Pell Grants, Electric Vehicles and Diabetes

Vanakkam  🙏

Since January, the US federal government has paid over $1B in cash incentives to approximately 150,000 buyers who opted for advanced payments when purchasing electric vehicles. Building on the Parents Bill of Rights Act, a new legislation has been introduced to shield US schools from systematic and organized external threats amid growing concerns about foreign influence.

Today's Topics

💰 Pell Grants. US Pell Grant recipients declined by 36% over the past decade
🚗 Electric Vehicles. China is the top seller of electric cars, having surpassed the US in 2021
🩸 Diabetes. UK diabetes drug usage reached a record high in 2021 

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💰 US Pell Grant Recipients Declined by 36% Over the Past Decade

Federal Pell grants, the largest federal grant program offered to undergraduates in the United States and designed to assist students from low-income households, had 9.4 million recipients in 2011. Since then, the number of recipients has steadily declined, falling to 6 million recipients in 2022. Pell grant recipients nearly doubled from 2005 to 2010, likely due to increased funding, allowing more students from disadvantaged backgrounds to gain access to higher education.

🚗 China is the Top Seller of Electric Cars, Having Surpassed the US in 2021

2024 has been forecasted

China surpassed the United States in 2021 and leads in electric car sales, with further growth estimated in 2024. Europe also shows substantial growth, followed by the US and the rest of the world. The total number of electric cars sold is estimated to reach over 16M units in 2024.

🩸 UK Diabetes Drug Usage Reached a Record High in 2021   

There has been a general increase in the consumption of diabetes drugs in the UK since 2011. Initial consumption rates were stable until 2018, after which a notable dip occurred, which continued until 2020. During this period, consumption rates dropped below 75 per 1,000 inhabitants per day. However, 2021 saw a significant uptick in usage, reaching approximately 90 individuals per 1,000 daily inhabitants.

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