ELECTRIC VEHICLES

Tracking Electric Vehicles

Electric vehicle (EV)s are the key technology to decarbonise road transport, a sector that accounts for over 15% of global energy-related emissions. Recent years have seen strong growth in the sale of electric vehicles together with improved range, wider model availability and increased performance. Passenger electric cars are surging in popularity – we estimate that 18% of new cars sold in 2023 will be electric.0

If the growth experienced in the past two years is sustained, CO2 emissions from cars can by 2030 be put on a pathway aligned with the Net Zero Emissions by 2050 (NZE) Scenario. However, electric vehicles are not yet a global phenomenon. Sales in some countries, especially developing and emerging countries, have been slow due to typically higher purchase costs compared to conventional vehicles and a lack of charging infrastructure.

Why are electric vehicles important?

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 in five new cars sold in 2024 will be electric.

What is the role of electric vehicles in clean energy transitions?

Electric vehicles are the key technology to decarbonise road transport, a sector that accounts for around one-sixth of global emissions. Ambitious policies continue to be critical to growth in electric vehicle markets worldwide.

Where do we need to go?

If the EV sales growth experienced in recent years is sustained, CO2 emissions from cars can be put on a path in line with the Net Zero Emissions by 2050 Scenario. However, despite huge growth in China, some European countries and some U.S. states, electric vehicles are not yet a global phenomenon. Sales in some countries, especially developing and emerging countries, have been slow due to typically higher purchase costs compared to conventional vehicles and a lack of charging infrastructure.

Reference: https://www.iea.org/energy-system/transport/electric-vehicles

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