While sales of electric cars are increasing globally, they remain significantly concentrated in just a few major markets. In 2023, just under 60% of new electric car registrations were in the People’s Republic of China (hereafter ‘China’), just under 25% in Europe,2 and 10% in the United States – corresponding to nearly 95% of global electric car sales combined. In these countries, electric cars account for a large share of local car markets: more than one in three new car registrations in China was electric in 2023, over one in five in ...
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Sales of used light vehicles in the United States came to around 38.6 million units in 2022.
Thanks to nearly 45,000 plug-in cars sold in September, cumulative sales of reached one million units, including over 230,000 so far this year.
Electric car sales break new records with momentum expected to continue through 2023 ; Landmark EV policies are driving the outlook for EVs closer to climate ambitions ; As spending and competition increase, a growing number of more affordable models come to market ; Focus expands to electrification of more vehicle segments as electric cars surge ahead
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Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil. The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million electric cars were sold worldwide in 2022 and that sales are expected to grow by another 35% this year to reach 14 million. This explosive growth means electric cars’ share of the ...