The International Energy Agency is expecting significant increases in electric vehicle sales and dropping prices for smaller EVs.
, and with 60% of EV sales last year taking place there, according to the IEA's annual outlook on EVs.
Electric car sales globally are expected to surge 35% this year to 14 million, the report said, comprising 18% of the passenger car market, up from just 4% in 2020.in North America and European markets somewhere in the mid-2020s... for larger cars like SUVs and pick-ups, purchasing parity is likely to come later, probably into the 2030s," Guell said.
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