Sales of electric cars are expected to continue their “explosive growth” this year, predicts the International Energy Agency (IEA). More than 10 million were sold in 2022 worldwide. “Sales are expected to grow another 35% this year” to the point of representing 14 million units. “This explosive growth means that the market share of electric cars has increased from 4% in 2020 to 14% in 2022 and is expected to increase further to 18% this year”, predicts the agency which advises many governments on energy. .
It is in the first world markets that electric cars are breaking through the fastest, in terms of volumes of new cars, notes the IEA: China, the United States and Europe. The Middle Kingdom has taken a step ahead: nearly two out of three electric cars in the world are now sold there, and its factories dominate the sector of batteries and the components necessary for their manufacture.
While environmental rules are increasingly strict and the European Union plans to ban the sale of thermal cars by 2035, the IEA sees the market share of electric cars reaching 60% in these three areas geographies by 2030.
Beyond these large markets, the Paris-based agency notes encouraging trends for direct “zero-emission” individual mobility within other countries: “Sales of electric cars tripled in India and Indonesia last year. last and more than doubled in Thailand.”
China, where competition is intensifying in the electric vehicle market, is set to overtake Japan as the world’s top car exporter by volume, having overtaken Germany last year.
The global auto industry will shrink to just 10 companies in the next decade, Brian Gu, vice president of Xpeng, a Chinese rival to the Tesla Group, estimated on Tuesday.