Global EV sales to make up 30% of the market this year
Global electric vehicle (EV) sales are projected to account for nearly 30% of the market this year, reaching 23 million units. The International Energy Agency (IEA) reported that despite a decline in sales during the first quarter, strong growth in regions like Europe and Asia Pacific has contributed to this overall increase. Factors such as rising energy prices due to geopolitical tensions are driving consumer interest in EVs.
- ▪Nearly 30% of vehicles sold worldwide this year will be electric, according to the IEA.
- ▪Global EV sales are expected to exceed last year's growth of 20%.
- ▪Sales in Europe increased by 30% year-over-year, while Asia Pacific grew by 80%.
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Nearly 30% of vehicles sold worldwide this year will be electric, with global EV sales expected to reach 23 million, the International Energy Agency said. The International Energy Agency released a report on Wednesday, finding that global EV sales will exceed last year’s growth, when global EV sales rose by 20% and accounted for nearly a quarter of all new cars sold worldwide. Recommended Stories Nancy Mace calls for data center construction freeze in South Carolina as she runs for governor EPA to eliminate diesel requirements to lessen burden on farmers Solar to dominate power sector over coal and gas by 2032, report suggests The growth in EV sales comes as the war in Iran has disrupted and raised energy prices.
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