Get ready for an electrifying future! ⚡ According to the latest report from the International Energy Agency (IEA), half of all cars sold globally by 2035 are set to be electric vehicles (EVs). 🌍🚗🔌
The IEA forecasts that EV sales will soar in 2024, reaching around 17 million units, which means more than one in every five cars sold worldwide will be electric! This is a big jump from the 14 million EVs expected to be sold in 2023. 📈
China is leading the charge 🔋, with EV sales projected to hit about 10 million in 2024. That's nearly 45% of the country's car sales! 🇨🇳 Meanwhile, the United States and Europe aren't far behind. The market share of EVs in the US is expected to surpass 11%, and in Europe, it's set to reach over 25%. 🇺🇸🇪🇺
But it's not just the big players. Emerging markets like Vietnam and Thailand are also speeding up their EV game. 🚗💨 The demand for electric cars is accelerating in these regions, signaling a global shift towards greener transportation. 🌱
\"Rather than tapering off, the global EV revolution appears to be gearing up for a new phase of growth,\" said IEA Executive Director Fatih Birol. \"Every other car sold globally in 2035 is set to be electric based on today's energy, climate, and industrial policy settings.\" 🗣️
This surge in EV demand is expected to shake up the global auto industry and significantly cut down oil consumption for road transport. The IEA predicts that oil demand in road transport could peak around 2025. 🛢️🚫
If countries stick to their energy and climate policies, the world could see a reduction of 6 million barrels of oil per day by 2030 and 11 million barrels per day by 2035. That's over 10% of the current total oil demand! 🌍💪
Buckle up, folks! The EV revolution is just getting started, and it's about to transform the way we move. Are you ready to join the ride? 🚀
Reference(s):
IEA report: Half of all cars sold globally set to be electric by 2035
cgtn.com
