Global Demand For Electric Vehicles Doubling Every Year
Electric vehicles are becoming more and more popular, and it’s no secret why. They’re cheaper to own than conventional cars, they reduce your carbon footprint and they’re fun to drive. In fact, according to forecasts by the International Energy Agency (IEA), global electric vehicle sales are expected to more than double each year between 2020 and 2022. That means that by the end of 2022, there will be approximately 12 million electric vehicles on the road around the globe. China is expected to lead the way in EV adoption, with the number of EVs sold there doubling every year between 2020 and 2022 — due largely in part because of factors such as rising fuel costs, increasing environmental awareness and a desire for new technology.”
Global demand for electric vehicles is growing at an astonishing rate.
Global demand for electric vehicles is growing at an astonishing rate. The number of EVs sold worldwide is expected to double every year between 2020 and 2022, according to research by Bloomberg New Energy Finance (BNEF).
In China, where air pollution is a major concern and automakers are looking for ways to meet government mandates on new-energy vehicles (NEVs), sales will increase more than tenfold over the next four years.
In fact, according to forecasts by the International Energy Agency, global electric vehicle sales are expected to more than double each year between 2020 and 2022.
In fact, according to forecasts by the International Energy Agency, global electric vehicle sales are expected to more than double each year between 2020 and 2022. By 2040, they’re expected to reach around 100 million units annually.
But what does this mean for you? Well it depends on how you look at it: whether you want an EV or not!