Half Of All Cars Sold In Top Markets Will Be Electric By 2030

2023.01.18

Every other car sold in 2030 in the three largest EV markets – China, Europe, and the United States – will be an electric vehicle, the head of the International Energy Agency (IEA) said on Tuesday.

In 2030, every second car sold in Europe, the US, and China, the three largest car markets for electric cars, will be an electric car, the IEA’s Executive Director Fatih Birol said on Tuesday at the World Economic Forum in Davos, Switzerland.  

“In addition to this immediate response to the energy crisis, there is also more structural response coming from the countries,” Birol said.

In the Global EV Outlook 2022 published in May 2022, the IEA said that while electric car sales continued to break records, mineral supply constraints are looming. Battery supply chains face bottlenecks and lack diversification as most battery metal processing is being done in China, according to the IEA.