The International Energy Agency (IEA) said that in 2022, sales of electric vehicles increased by 55% compared to 2021, and exceeded 10 million units, with China accounting for approximately 60% of the market.
"This figure (10 million units) exceeded the total number of cars sold throughout the European Union (about 9.5 million cars), and is almost half of the total number of cars sold in China in 2022," the IEA said, adding that last year there were more than 26 million electric vehicles on the world's roads (+60% compared to 2021).
As for the prospects, the IEA predicts that global sales of electric vehicles will reach almost 14 million this year. "The share of electric vehicles in the overall automotive market has grown from about 4% in 2020 to 14% in 2022. According to our estimates, in 2023 the share of electric vehicles will grow by another 4%," the IEA said.
The IEA called China a "leader" in sales of electric vehicles. The IEA added that more than 50% of electric vehicles on the roads can now be found in the world's second largest economy.
While China, Europe and the US are big players when it comes to electric vehicles, the IEA notes that other countries around the world, namely India, Thailand and Indonesia, are also showing "promising signs."