The International Energy Agency (IEA) has just released their Global EV Outlook 2024, and the future is looking electric! 🚗🔋 🌍 This year's publication highlights strong growth in #EV sales and the associated #supplychain around the world. Key highlights include: 👉 Market share of new EV sales has surged above 20%, marking a remarkable ascent in the global EV landscape. 👉 In 2024, EV sales are expected to approach a staggering 17 million units, reflecting a 25% increase compared to 2023. The transition to EVs is shaping the future of mobility driving us towards a #cleanenergyfuture! Read the full report here: https://lnkd.in/dXrs4dSR
Special Advisor to the IEA Executive Director | LinkedIn Top Voice | 90.000+
🚨 NEW 🚨 The EV revolution is here ⚡️ 🚙 This my personal takeaways of the new IEA Global EV Outlook released today. And below some of key findings of a great work. 👉 Market share of new EV sales has gone above 20% … a remarkable rise! 👉 EV sold in 2024 to approach 17 millions unit, a 25% increase compared to 2023 showing that while growth rate slightly decelerates it still remains robust 👉 A huge China 🇨🇳 story - electric cars sales in the country are projected to leap to about 10 million, accounting for about 45% of all car sold domestically 👉 Encouraging signs of geographical contamination - while the bulk of czars are in 🇨🇳 🇺🇸 and 🇪🇺, sales are starting to make in roads like Vietnam and Thailand 👉 Infrastructure deployment is accelerating - The number of public charging points installed globally was up 40% in 2023 relative to 2022. But it needs to grow much more (as the grids need to adapt) 👉 EVs are getting cheaper and cheaper although the trend is not yet uniform. In #China for example most of EV sold are cheaper than equivalent with internal combustion engine but not (yet) the same in other key markets 👉 The race for manufacturing leadership is alive and kicking. Over 20 car manufacturers representing more than 90% of global car market have set up electrification targets … 👉 But someone is doing better than others…. Growing electric car exports from Chinese automakers, which accounted for more than half of all electric car sales in 2023, 👉 The rapid rise of EVs in the market has multiple implications including the development of second-hand markets and - very importantly - the need to develop a massive recycling industry. ‼️A final takeaway - maybe the most relevant - is that such trend implies huge changes for a sector - like the car industry - that has been the backbone of many countries for decades. The impact will be something to closely (and carefully) monitor… Kudos to IEA colleague for a massive work - fully available on IEA website . #mobility #energy #batteries #electricity #technology #sustainability #innovation #electricvehicles