हमारे न्यूज़लेटर की सदस्यता लेकर इकोवॉच से शीर्ष सामग्री सीधे अपने ईमेल पर प्राप्त करें!
A report by the International Energy Agency (IEA) predicts that over 20% of cars sold worldwide in the current year will be electric. EcoWatch, established in 2005 in Ohio, is an online platform that focuses on sharing informative and evidence-based articles on environmental topics, including problems, movements, and resolutions.
The International Energy Agency (IEA) predicts in its latest Global EV Outlook 2024 that sales of electric vehicles (EVs) will increase to 17 million this year, compared to 14 million in 2023.
According to a press release from the IEA, it is estimated that in 2024, electric vehicles (EVs) will account for about 11% of car sales in the United States, 25% in Europe, and 45% in China.
The report stated that electric cars are getting closer to becoming a widely available product in more countries. Concerns have arisen due to factors such as slim profit margins, fluctuating battery metal prices, high inflation, and the reduction of purchase incentives in certain countries. Despite these challenges, global sales data for electric cars are still showing impressive growth.
A press release stated that the demand for electric cars is expected to increase, with over 20% of cars sold worldwide in 2024 predicted to be electric. This growing demand is projected to significantly lessen the amount of oil used for road transportation in the next ten years.
According to a report from the IEA, the increasing sales of electric vehicles indicate that the demand for oil in the road transportation sector is projected to reach its highest point around 2025. This information was reported by Reuters.
According to the report, there could be a decrease in oil demand of around six million barrels per day by 2030. If countries stick to their climate and energy policies, this reduction could increase to 11 million barrels by 2035.
It is estimated that by the year 2030, electric vehicles will account for approximately 20% of all cars on the roads in the United States and European Union, and 33% in China.
During the first three months of this year, electric vehicle (EV) sales increased by around 25 percent compared to 2023, showing a similar trend to the same period in 2022 but with a larger starting point. The total global EV sales from January to March 2024 were approximately the same as all EV sales in 2020.
In China, the majority of electric vehicles (EVs) sold last year were priced lower than their traditional gasoline-powered counterparts.
The cost of electric cars is decreasing due to lower battery prices, increased competition, and car manufacturers producing at a larger scale. However, electric cars are still typically more expensive than traditional internal combustion engine (ICE) vehicles.
The International Energy Agency stated that there is a growing demand for charging infrastructure, which will pose a significant challenge. They emphasized the importance of charging networks expanding six times by the year 2035 to meet this demand.
The report emphasizes the importance of having enough public charging stations to support the increasing sales of electric vehicles. In 2023, there was a 40% increase in the number of global public charging points compared to 2022, with fast chargers seeing more growth than slower ones. The press release highlighted the need for policy support and strategic planning to prevent strain on electricity grids due to higher demand for charging.
Fatih Birol, the executive director of IEA, highlighted that the electric vehicle market is continuing to expand, instead of diminishing.
Our data shows a strong and growing interest in electric cars, although this varies by market. The global electric vehicle revolution seems to be entering a new phase of growth instead of slowing down. The increasing investment in battery manufacturing indicates that the supply chain for electric vehicles is evolving to support automakers' ambitious expansion plans.
हमारे दैनिक न्यूज़लेटर में विशेष अपडेट प्राप्त करने के लिए साइन अप करें!
When you register, you are agreeing to follow the rules and guidelines set out in the Terms of Use and Privacy Policy. You are also giving permission to receive emails and messages from EcoWatch Media Group, which may involve promotions, ads, and sponsored content.
Click on the link to access additional content. Sign up to receive special updates through our daily newsletter
When you create an account, you are agreeing to follow the rules and guidelines set out in the Terms of Use and Privacy Policy. You are also consenting to receive emails and other electronic messages from EcoWatch Media Group, which could contain promotional offers, ads, and sponsored content.
Newest publications
हमारे न्यूज़लेटर के लिए साइन अप करके शीर्ष इकोवॉच सामग्री सीधे अपने ईमेल पर प्राप्त करें!
Specialists dedicated to improving the health of the planet and individuals
