In a world where technology and eco-awareness work together, the shift towards green transportation and more affordable “fuel” – electricity is accelerating like never before.

As we start a new age of sustainable transportation, electric cars are capturing the hearts and minds of consumers worldwide, thanks to improved technology and increased environmental awareness.

We believe that this year, electric vehicle sales will reach new heights.In a world where technology and eco-awareness work together, the shift towards green transportation and more affordable “fuel” – electricity is accelerating like never before.

Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil.

The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million electric cars were sold worldwide in 2022 and that sales are expected to grow by another 35% this year to reach 14 million. This explosive growth means electric cars’ share of the overall car market has risen from around 4% in 2020 to 14% in 2022 and is set to increase further to 18% this year, based on the latest IEA projections.