There will be145 million EVs on the road in 2030, accounting for 7 per cent of the vehicle fleet according to predictions by IEA.

In its Global EV Outlook 2021, a report into the electrification of the road fleet, the IEA notes that there were 10 million electric cars on the world’s roads at the end of 2020, with electric car registrations increasing by 41 per cent in 2020, despite the pandemic-related worldwide downturn in car sales in which global car sales dropped 6 per cent. In 2020 Europe also overtook the People’s Republic of China as the world’s largest electric vehicle market for the first time.

The resilience of EV sales in the face of the pandemic rests on three main pillars of a supportive regulatory frameworks, additional incentives and falling costs.

The IEA then predicts that EV sales could rise and make up 7 per cent of the entire fleet – but it could be even higher if governments accelerate efforts to reach climate goals. In its Sustainable Development Scenario, the global EV fleet reaches 230 million vehicles in 2030 (excluding two/three-wheelers), a stock share of 12 per cent.

In 2030, in the Stated Policies Scenario, that is the current regulations in force or already outlined, the global EV fleet reduces GHG emissions by more than one-third compared to an equivalent ICE vehicle fleet; in the wider Sustainable Development Scenario, the level rises to two-thirds.

The Global EV Outlook is an annual publication that identifies and discusses recent developments in electric mobility across the globe. It is developed with the support of the members of the Electric Vehicles Initiative (EVI).

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