This year, every fifth car sold in the world will be electric – MEA
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Almost every fifth car sold in the world this year will be an electric car – sales of electric cars in the world have exceeded 10 million for the first time.
This is stated in the annual forecast of the International Energy Agency, informs Financial Times.
Thus, electric vehicles will account for 18% of global car sales compared to just 4% of global car sales in 2020.
This year, sales are expected to grow to 14 million cars, including hybrid models.
China will account for nearly two-thirds of all EV sales thanks to the subsidy program. Europe and the US, which also offer incentives, are the second and third largest markets for these cars.
To cut greenhouse gas emissions, the EU has set a goal of ending almost all sales of internal combustion engine cars by 2035, while the US wants half of its sales to be electric cars by the end of the decade.
Such measures have encouraged major automakers to invest in electric or hydrogen-powered cars. These are, for example, Ford, Stellantis, General Motors and Mercedes-Benz.
At the same time, players such as Tesla and Chinese manufacturers, in particular, BYD, are increasing competition in the segment, lowering prices and potentially stimulating demand.
In total, there were more than 500 models of electric cars on sale last year, which is more than twice as many as five years ago.
The IEA has also raised its expectations for global EV sales, predicting that 35% of global sales will be electric in 2030, up from just 25% a year ago. By 2030, 60% of sales in China, the US and Europe are expected to be fully electric.
Strong sales growth also spurred investment in battery factories. Demand for batteries for electric cars grew by 65% last year to 550 gigawatt-hours.
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