Analysts suggest the world could be nearing a critical electric vehicle sales tipping point, when volatile early adoption trends are overtaken by mainstream demand. In fact, sales doubled in 2021 on a year-on-year basis, to hit 6.6 million worldwide. Compared to sales of just 120,000 electric cars in 2012.
The International Energy Agency (IEA) said in its net-zero pathway that 60% of new passenger cars must be EVs by 2030 for the world to be on a trajectory for net zero by mid-century, with all cars being so by 2050. While sales of EVs only made up 8.3% of cars sold in 2021, projected exponential growth means that EVs are one of the few areas the IEA believes to be on track for net zero 2050.
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