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Every fifth car sold worldwide this year will be electric

Technology,Business,Economy And Jobs,Electric Vehicles,Cars

From the Center

It’s going to be yet another good year for electric cars.

They will account for nearly a fifth of global automobile sales in 2023—it was 4% in 2020—a report by International Energy Agency (IEA), a Paris-based autonomous intergovernmental organization, has said. E-cars sales are set to grow by 35% to reach 14 million in 2023, it noted.

“The internal combustion engine has gone unrivalled for over a century, but electric vehicles are changing the status quo. By 2030, they will avoid the need for at least five million barrels a day of oil. Cars are just the first wave: electric buses and trucks will follow soon,” said Fatih Birol, IEA executive director.

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