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Global EV Outlook 2024: Driving Towards an Electric Future
In a world racing to combat climate change, the Global EV Outlook 2024 reveals a tipping point: electric vehicles are no longer the future — they’re rapidly becoming the present.
With one in five new cars sold globally now electric, the automotive revolution is charging full speed ahead. But as the industry accelerates, new challenges and opportunities emerge that will reshape our roads, cities, and energy systems.
The International Energy Agency’s Global EV Outlook 2024 provides a comprehensive analysis of the rapidly evolving electric vehicle (EV) landscape. This annual publication has become an essential resource for policymakers, industry leaders, and researchers seeking to understand the trajectory of vehicle electrification worldwide. As the automotive industry undergoes a historic transformation, this report offers valuable insights into market trends, technological advancements, and the complex interplay of policies shaping the future of mobility.
Key Findings and Trends
The electric vehicle market continues to experience remarkable growth, with global sales reaching nearly 14 million units in 2023. This represents a 35% increase from the previous year and accounts for 18% of all cars sold worldwide. China, Europe, and the United States remain…
