With more than 14 million EVs expected to be sold globally in 2023, according to the International Energy Agency (IEA), the electric vehicle (EV) sector is on track to reach a significant milestone. According to the agency’s Global Electric Vehicle Outlook study, which was published on Wednesday, this represents about one in every five new automobiles on the road.
According to the estimate, global EV sales will increase by 35% in 2023, breaking the previous record of 10 million units sold in 2022. The IEA forecasts that by 2030, sales of electric vehicles will make up 60% of all vehicle sales in China, Europe, and the US, indicating that the trend will continue.
