electric vehicle forecast 2030

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!

That means that by the end of 2022,

Automobile Development

Electric Car Market to Dominate Global Vehicle Sales

March 27, 2023August 3, 2023 - by Evelyn Stewart

The world is on the cusp of a major shift in vehicle technology. The shift away from gasoline and toward electricity is happening faster than anyone predicted and will dominate the global market within 10 years. This is good news for car buyers, who are increasingly being driven out of the showroom by low-cost electric vehicles that have lower maintenance costs and less environmental impact.

Electric vehicle sales are expected to dominate the global market within 10 years.

Electric cars are expected to dominate the global vehicle sales market within 10 years.

The reason for this is simple: electric cars are cheaper than their gas counterparts and they cost less to maintain, they’re better for the environment and they help stimulate local economies.

Electric car owners can save up to $5,000 per year on fuel costs alone–that’s a lot of money! The average household spends about $3,000 per year on gas for their car or truck according to AAA (American Automobile Association). If your typical commute is 15 miles each way every day then you’ll save about $3900 over 5 years just by switching over from gasoline powered vehicles like SUVs or trucks into an EV (electric vehicle). That adds up fast!

The shift from gasoline to electricity is likely to happen faster than anticipated.

The shift from gasoline to electricity is likely to happen faster than anticipated. The reason for this is that the benefits of electric vehicles are becoming more widely understood, and as a result more people are starting to purchase them. This has been accelerated by government subsidies in many countries around the world that provide financial incentives for consumers who purchase an EV.

For example, France offers an incentive worth up to 10% of the price tag on an EV if you outfit your home …