‘Landmark’ government policies are driving sales worldwide to an expected 14 million EVs this year.
will reach 14 million globally in 2023, up from 10 million last year, the International Energy Agency estimates in its annualreleased Wednesday, and “landmark EV policies are driving the outlook for EVs closer to climate ambitions.” Globally, EVs accounted for about 4% of new vehicle sales in 2020 and leapt to 14% in 2022, on its way up to approximately 18% this year, the report says.
The US is expected to double its share of the global EV market to 20% by the end of the decade, the IEA says, “as recent policy announcements drive demand,” while Europe is expected to maintain its current 25% share of the global EV market.The Biden administration is trying to push faster
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