Trends in electric cars – Global EV Outlook 2024 - IEA
Electric car sales neared 14 million in 2023, 95% of which were in China, Europe and the United States. Almost 14 million new electric cars1 were registered globally in 2023, bringing their total number on the roads to 40 million, closely tracking the sales forecast from the 2023 edition of the Global EV Outlook (GEVO-2023). Electric car sales ...
Trends and developments in electric vehicle markets
Battery electric vehicles (BEVs) accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. China, with 4.5 million electric cars, has the largest fleet, though in 2020 Europe had the largest annual increase to reach 3.2 million.
Policies to promote electric vehicle deployment – Global EV …
The New Energy Automobile Industry Plan (2021-2035) targets 20% of vehicle sales to be ZEVs by 2025,7 to achieve international competitiveness for China’s ZEV industry. The China Society of Automotive Engineers set a goal of over 50% EV sales by 2035.
Electric vehicles - IEA - International Energy Agency
Few areas in the world of clean energy are as dynamic as the electric car market. Recent years have seen healthy growth in sales together with improved range, wider model availability and increased performance. We estimate that more than one …
New Energy Vehicle Industry Development Plan (2021-2035)
Dec 12, 2023 · The State Council announced the New Energy Vehicle Industry Development Plan (2021-2035) in 2020. It establishes a policy framework to promote high-quality development of the new energy vehicle industry from 2021 to 2035. The Plan lays out five strategic tasks: Improve technological innovation capacity; Build a new industrial ecosystem;
Executive summary – Global EV Outlook 2023 – Analysis - IEA
Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. A total of 14% of all new cars sold were electric in 2022, up from around 9% in 2021 and less than 5% in 2020. Three markets dominated global sales.
Trends in the electric vehicle industry – Global EV Outlook 2024 ...
However, Tesla’s share in new US electric car sales has been shrinking, from over 60% in 2020 to 45% in 2023. Hyundai-Kia overtook GM and Ford in 2023, and now accounts for 8% of US electric car sales, second only to Tesla.
Energy saving and new energy automotive industry development …
Apr 16, 2021 · The major objective of the Plan is to speed up the cultivation and development of the automotive industry that produces energy efficient vehicles that run on "new energy € . This will improve energy demand management, promote transformation and upgrade of the industry, foster new economic growth and support preservation of natural environment.
Executive summary – Global EV Outlook 2024 – Analysis - IEA
Recent reporting shows that from 2022 to 2023, investment announcements in EV and battery manufacturing totalled almost USD 500 billion, of which around 40% has been committed. Over 20 major car manufacturers, representing more than 90% of global car sales in 2023, have set electrification targets.
Policy developments – Global EV Outlook 2023 – Analysis - IEA
The new target stands at 50% electric car sales share by 2025. Italy’s subsidy scheme has also been renewed with a focus on scrapping older, more polluting ICEs, similar to a scheme in Singapore . Spain has a similar focus on scrappage, accompanied by …