Sales of electric vehicles will “grow strongly” this year and could see battery and hybrid models account for one in five cars sold worldwide, according to a bullish forecast from the International Energy Agency that runs counter to carmakers’ concerns over consumers’ appetite for EVs.
Despite “challenges in some markets,” the “share of EVs on the roads is expected to continue to climb rapidly” in the coming years, the IEA said in its annual outlook report.
Sales of battery electric and plug-in hybrid cars could rise more than 20 per cent to reach 17mn this year, up from just under 14mn in 2023, and grow to account for as much as two-thirds of global sales by 2035, it said.
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