IEA report: The era of electric vehicles has arrived Chinese manufacturers lead the world

The International Energy Agency (IEA) has released a new report, revealing the rapid development of the global electric vehicle market. According to the report, global electric vehicle sales will reach a staggering 17 million units this year, an increase of more than one-fifth compared to last year. Chinese consumers have played an important role in driving this jump in sales.

The International Energy Agency (IEA) provided an in-depth analysis of the development trends of the electric vehicle market in the next ten years in its report. They predict that as demand surges, the global automotive industry will usher in profound changes and road transport's dependence on oil will also be significantly reduced. What's even more exciting is that the report predicts that under the ideal scenario where the construction of charging facilities keeps pace with the growth of car sales, half of the cars sold globally will be electric cars by 2035. The IEA pointed out that the rapid growth of the electric vehicle market is mainly driven by government policies. Many countries have developed policies to support the growth of electric vehicle sales, including purchase subsidies, charging infrastructure construction and tax incentives. In addition, the cost of electric vehicles has gradually decreased and the technology has been further improved, which has made the market competitiveness of electric vehicles continuously increasing. Although the

# of the electric vehicle market has been rampant in recent times about the popularity and slowdown of electric vehicles, IEA Executive Director Fatih Birol emphasized that the data It does not show any reversal in the growth of electric vehicles. On the contrary, the strong growth momentum of global electric vehicle sales continues unabated. This growth is not limited to the Chinese market. Europe and other places also show the same positive trend.

In addition, the report deeply explores multiple factors that affect the popularity of electric vehicles, including consumer purchasing power, the construction progress of charging facilities, and innovation in battery technology. In the Chinese market, more than 60% of electric cars sold last year were already priced lower than traditional cars. However, in Europe and the United States, if electric vehicles are to achieve wider popularity, they still need to work hard to reduce costs and increase the coverage of charging facilities.

Although the editor understands that China plays an important role in the global electric vehicle manufacturing industry. Last year, Chinese automakers accounted for more than half of the global electric vehicle market, and its exports of electric vehicles have continued to rise, injecting new vitality into the prosperity of the global electric vehicle market.

The IEA report also further explores the profound impact of electric vehicles on the energy industry. With the increasing popularity of electric vehicles and global oil demand expected to peak in 2030, this trend heralds the gradual end of the era of traditional fuel vehicles.

The above is the detailed content of IEA report: The era of electric vehicles has arrived Chinese manufacturers lead the world. For more information, please follow other related articles on the PHP Chinese website!