Electric car sales surged by 55% last year to surpass 10 million, and China led the way: IEA
Publishing timestamp: 2023-04-26 02:12:12
Summary
The International Energy Agency's Global EV Outlook for 2023 reports that electric car sales, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), exceeded 10 million last year, up 55% relative to 2021. The report also notes that more than 26 million electric cars were on the world's roads in 2022, representing a 60% increase relative to 2021. The report predicts that worldwide sales will reach almost 14 million in 2023. The report highlights China as the frontrunner in electric car sales, with over 50% of electric cars on the road found in the country. The report also notes that other parts of the world are showing promising signs of growth in electric car sales. The shift towards low- and zero-emission vehicles has significant implications for global oil demand, and the report predicts that electric vehicles will avoid the need for at least 5 million barrels of oil per day by 2030. While there is excitement about the potential of low- and zero-emission vehicles, there are also concerns about the shift away from cars powered by fossil fuels, including challenges related to noise levels, skills gaps, cost and safety, and ensuring accessible charging infrastructure.
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Keywords: european commission, india, thailand, renewable energy, eu, climate, united kingdom, autos, transportation, business, tesla inc, indonesia, economic events, china, air pollution, alternative and sustainable energy, emissions reduction, environment, united states, energy, electric vehicles, business news, vehicle emissions standards, india government,