Our new Global EV Outlook 2024 is out now!
IEA Energy Mix 4/23/2024
The new Global EV Outlook finds that the world’s electric car fleet continues to grow strongly, with sales set to reach 17 million this year. Despite near-term challenges in some markets, the report projects that based on today's policy settings, almost one in three cars on the roads in China by 2030 is set to be electric, and almost one in five in both the United States and European Union.
Here are some other important takeaways:
“The continued momentum behind electric cars is clear in our data, although it is stronger in some markets than others,” said our Executive Director Fatih Birol. “Rather than tapering off, the global EV revolution appears to be gearing up for a new phase of growth. The wave of investment in battery manufacturing suggests the EV supply chain is advancing to meet automakers’ ambitious plans for expansion. As a result, the share of EVs on the roads is expected to continue to climb rapidly. Based on today’s policy settings alone, almost one in three cars on the roads in China by 2030 is set to be electric, and almost one in five in both the United States and European Union. This shift will have major ramifications for both the auto industry and the energy sector.”
William Arnold
Apr 24