Electric Vehicle Sales To Surge in the Coming Decades

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The number of electric vehicles on the road worldwide could reach 125 million by 2030, up from just over 3 million last year, according to a new analysis by the International Energy Agency, an intergovernmental organization that tracks energy trends. The rapid growth isn’t limited to personal vehicles, but will also be seen with electric buses, two-wheelers (such as motorcycles), and trucks.

The number of electric vehicles on the road worldwide could reach 125 million by 2030, up from just over 3 million last year, according to a new analysis by the International Energy Agency, an intergovernmental organization that tracks energy trends. The rapid growth isn’t limited to personal vehicles, but will also be seen with electric buses, two-wheelers (such as motorcycles), and trucks.

The number of EVs worldwide jumped 54 percent between 2016 and last year. China is currently the largest electric car market, with 580,000 EVs sold in 2017, accounting for half of global sales. The United States was the second-largest market, with 280,000 cars sold last year, up from 160,000 in 2016. In terms of market share, Nordic countries still dominate. In Norway, for example, 39 percent of all new car sales in 2017 were electric vehicles.

Read more at Yale Environment 360

Image Credit: Ludovic Hirlimann via Wikimedia Commons