IEA Projects Another Record Year of Global Electric Vehicle Sales

April 23, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Worldwide electric vehicle (EV) sales could reach a record of around 17 million units this year, which would be an increase of approximately 21% over 2023's record sales level of about 14 million units, according to a new report from the International Energy Agency (IEA) (Paris, France). EV purchases in 2023 were highly concentrated in China (60%), Europe (25%) and the U.S. (10%), the agency said. China is expected to account for a sharply reduced percentage of global EV sales this year, down to about 45%, but the percentages going to Europe and the U.S. are expected to be about the same as last year.