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  • Global sales of EVs are on course to jump 35% this year. In 2019, only 2.5% of cars sold worldwide were electric but in 2023, they are set to reach 18%.

    Electric car sales, 2016-2023

  • Road transport accounts for over 40% of global oil demand, but electric cars are driving a major transformation of the auto industry. EVs are set to displace over 5 million barrels of oil demand a day by 2030, based on current policy settings alone.

    Oil displacement from electric vehicles in the Stated Policies Scenario, 2030

  • China, the European Union the United States are the leading markets, with electric cars set to surge to 60% of total car sales across these three economies by 2030.

    Global electric car stock, 2010-2022

  • And sales are also starting to take off in other key markets, such as India, Indonesia and Thailand.

    Electric car sales by powertrain and available models by car size in selected countries, 2018-2022

  • Electric vehicles are one of the driving forces in the new global energy economy that is rapidly emerging - and they are bringing about a historic transformation of the car manufacturing industry worldwide.
    Dr. Fatih Birol Dr. Fatih Birol
    Executive Director
    Aerial View Of Popular Highway Of Attiki Odos Multilevel Junction Road, Attica, Greece, Shutterstock 1057364099
  • The electrification of transport goes well beyond cars. Electric two and three-wheelers are already growing rapidly in emerging economies.

    Electric vehicles sales share by vehicle type and regional distribution, 2010 versus 2022

  • And new waves of electrification are coming in the form of buses and trucks, which will help cut oil use, reduce emissions and improve air quality

    Electric bus registrations and sales share by region, 2015-2022

  • A record-breaking 10 million EVs were sold in 2022 and by 2030, the average share of electric cars in total sales across China, the European Union and the United States is set to rise to around 60%.

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