🚗 ~6M EVs Sold in China. GCC Education Spend. European Airplane Shipments.
Chart of the Day #144 looks at Education Spending, Electric Vehicles, and Airplanes Shipped
Bawo🪘
A recent analysis revealed that Chinese electric car companies listed in the US spend more on research compared to Tesla. Between January and March 2024, Nigerians spent $38.17M on foreign education, an 83% decrease from the previous year, largely due to a decrease in international student enrollment at UK universities.
Today's Topics
💰 Education Spending. Saudi Arabia, Oman lead GCC public education spending
🚗 Electric Vehicles. China tops 2022 EV sales with almost 6 million units sold
✈️ Airplanes Shipped. Nearly 800 European-made airplanes were shipped globally in 2019
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💰 Saudi Arabia, Oman Lead GCC Public Education Spending
In 2023, Saudi Arabia led GCC countries in government spending on education, with Oman close behind. Significant investments in the sector in Saudi Arabia aim to enhance the quality of education, promote innovation, and align with the country's Vision 2030 goals. Increased funding supports the development of skilled human capital essential for economic diversification and long-term growth.
🚗 China Tops 2022 EV Sales With Almost 6 Million Units Sold
China recorded the highest electric vehicle sales, reaching 5.9M units. This achievement reflects strong government incentives, extensive charging infrastructure, and growing consumer demand for sustainable transportation. China's focus on reducing pollution and advancing green technology has propelled its EV market, making it a global leader in the transition to cleaner energy solutions.
✈️ Nearly 800 European-Made Airplanes Were Shipped Globally in 2019
In 2019, nearly 800 European-manufactured airplanes were shipped globally, demonstrating strong demand for European aviation technology. This signifies a nearly 30% increase in airplane shipments in 2019, the strongest growth since 2013. The strong performance demonstrates the region's expertise in developing diversified and dependable aircraft to satisfy changing global demands and preferences.
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