Global Courant 2023-04-26 10:22:32
LONDON
According to a new report from the International Energy Agency (IEA), worldwide electric car sales will increase by 35% to reach 14 million this year, bringing its share of the total car market to 18% thanks to strong support programs in major economies. said Wednesday.
The IEA’s annual Global Electric Vehicle Outlook report showed that more than 10 million electric cars were sold worldwide in 2022; this is a record 55% increase over the previous year.
Explosive growth has increased the share of electric cars in the total car market from 9% in 2021 and 4% in 2020 to 14% last year.
After the record increase last year, the total number of electric cars on the roads reached 26 million.
Regarding the report, Fatih Birol, IEA Executive Director, said: “Electric vehicles are one of the drivers of the rapidly emerging new global energy economy and are bringing about a historic transformation in the automobile manufacturing industry worldwide.” said.
“The trends we are witnessing have significant implications for global oil demand. Internal combustion engines have been unrivaled for over a century, but electric vehicles are changing the status quo. By 2030, they will eliminate the need for at least 5 million barrels per year. Cars are just the first wave: Electric buses and Trucks will be coming soon.”
The data shows that the majority of electric car sales to date are concentrated in China, Europe and the US.
China accounted for nearly 60% of global electric car sales last year and also more than 50% of all electric cars on the world’s roads, with a total of 13.8 million units.
“This strong growth is the result of more than a decade of policy support for early adopters, in addition to non-financial support, including the extension of purchase incentives that were originally planned to be phased out in 2020 due to COVID-19, through the end of 2022. Such as the rapid deployment of charging infrastructure and strict registration policies for non-electric cars,” the IEA said in the report.
The share of electric car sales in China’s total domestic car sales has increased from 16% in 2021 to 29% last year.
Europe and the US account for 35% of new electric car sales
Europe remained the world’s second largest electric car market after China, accounting for 25% of all electric car sales and 30% of global stock in 2022.
The continent reached 2.7 million in sales of electric cars last year, up 15%. The sales share of electric cars increased from 18% in 2021 to 21% last year.
Germany was Europe’s largest market with 830,000 new electric car registrations in 2022, followed by the UK with 370,000 and France with 330,000. Spain has registered more than 80,000 new electric cars.
But sales of electric cars in Italy fell from 140,000 in 2021 to 115,000 last year, while they also declined or stalled in Austria, Denmark and Finland.
New electric car sales in the US approached one million, accounting for 10% of the global growth in sales.
As the share of 2022 electric car sales in total car sales is 8%, the total electric car stock in the USA has reached 3 million.
Although electric car sales are concentrated in a few markets, India, Indonesia and Thailand were among the countries that saw significant growth last year.
Electric car sales almost doubled in Turkey
Turkey saw around 7,500 new electric car registrations in 2022 and nearly doubled sales in 2021.
The total stock of electric cars in the country has risen to over 16,000 after last year’s growth. The share of electric cars in the total automobile market in Türkiye was 1% in 2022.
Turkey aims to produce 1 million units of Togg, the first domestic electric car brand, by 2030. Starting to sell its first model, the T10X, in the domestic market, Togg plans to deliver 20,000 electric cars this year.
First quarter sales of this year increased 25% worldwide
In the first quarter of this year, global electric car sales reached 2.3 million, up 25% compared to the same period of 2022. It is estimated that this number will reach 14 million by the end of the year.
“Ambitious policy programs in major economies, such as the Fit for 55 package in the European Union and the Inflation Reduction Act in the United States, are expected to further increase the market share of electric vehicles this decade and beyond,” the report said.
In line with stronger policies, the average share of electric cars in total sales in China, the EU and the US will rise to around 60% by 2030.
As the growing electric car market increases the demand for battery production, it is stated that the announced battery production projects will be more than enough to meet the demand for electric vehicles.
“However, production remains highly concentrated, with China dominating the battery and component trade and increasing its share of global electric car exports to over 35% last year,” the IEA said.
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