The International Energy Agency (IEA) said that record sales of electric vehicles are expected in 2024, DW reports.
The Paris-based energy organization predicts that 17 million electric vehicles will be sold in 2024, which is significantly higher than the 14 million recorded in 2023. The IEA estimates that more than one in five cars sold in the world will be electric.
"Instead of slowing down, the global electric vehicle revolution seems to be preparing for a new phase of growth," said IEA Director Fatih Birol.
According to Birol, the wave of investment in battery production shows that the supply chain for electric vehicles is actively developing, in line with the automakers' ambitious expansion plans. This will lead to further rapid growth of the share of electric vehicles on the roads.
According to the IEA, growth in Europe is slowing due to "weak prospects for passenger car sales and the gradual elimination of subsidies in some countries."
Electric vehicles are expected to account for 45% of all car sales in China, with strong growth in Europe at 25% and the US at 11%. The IEA reports that charging networks should increase sixfold by 2035.
It is noted that in 2030, approximately one in three cars in China should be electric, while in Europe and the US – one in five.
As EcoPolitic previously reported, the administration of US President Joe Biden has completed the development of regulations regarding exhaust gas emissions from vehicles, which stipulate that from 2032, 56% of new cars should be electric.
