According to the International Energy Agency (IEA), global electric vehicle (EV) sales are projected to increase by more than 20% this year, reaching a total of 17 million units. The surge in demand for EVs is primarily being driven by the market in China, which is currently the world's largest EV market.
The IEA's report highlights the significant impact that the growing popularity of EVs will have on the global auto industry and the reduction of oil consumption for road transport. The agency predicts that by 2035, half of all cars sold worldwide will be electric, provided that the charging infrastructure keeps pace with the increasing adoption of EVs.
