IEA: Global Electric Vehicles To Cross 145 Mln By Decade-End

The International Energy Agency said on Thursday that the number of electric vehicles on the road will touch 145 million by 2030.

As per the agency's Global Electric Vehicle Outlook, if governments across the world increase their efforts further to match international energy and climate goals, then the worldwide electric vehicle fleet would touch 230 million by 2030. In both these estimates, the agency has not included two and three-wheel electric vehicles.

The agency said that around three million new electric cars were registered in 2020, up 41 percent from last year. With this the number of electric cars being used comes to more than 1 million and around 1 million electric buses, vans and heavy trucks are being used.

According to the IEA, global automobile market has declined 16 percent as a result of the COVId-19 pandemic.

Commenting on the deal IEA executive director, Fatih Birol, said, "Current sales trends are very encouraging, but our shared climate and energy goals call for even faster market uptake."

"While they can't do the job alone, electric vehicles have an indispensable role to play in reaching net-zero emissions worldwide,", the IEA's executive director, said in a statement.

The IEA said consumer spending on electric cars in 2020 totaled $120 billion, a 50% increase compared to 2019, with government support measures designed to encourage electric vehicle take-up coming in at $14 billion.

The IEA executive director said, "Even if government subsidies remain important for spurring the uptake of electric vehicles, this suggests sales are increasingly being driven more by consumer choice."

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