Will electric cars occupy more than half of the world’s car market?

Will electric cars occupy more than half of the world’s car market?

FineAuto

After 2033, electric vehicles (EV) will occupy more than half of the global automotive market.

This is reported by NGV with reference to the Rystad Energy report.

Experts from the energy consulting company predict that by the end of this year, the share of electric vehicles in the global car market will amount to 6.2%, and next year it will increase to 7.7%, enkorr reports.

It is noted that the growth in the spread of electric cars will be ensured by accelerating the energy transition. Leadership in the implementation of electric vehicles in the coming years will remain with Europe. Rystad Energy estimates that its share of electric vehicle sales will exceed 10% in 2021 and 20% in 2025. North America and Asia will follow the EU.

If we assess the long-term perspective, experts expect a sharp increase in the share of electric vehicles by 2040, and by 2050 it may reach almost 100% in all regions except Africa.

According to the International Energy Agency (IEA), a 40% reduction in global carbon dioxide emissions by 2030 will require an increase in the share of passenger electric vehicles sold by up to 50% by the specified date.

We also recommend that you watch a detailed test drive of Tesla Model 3 Long Range from the FineAuto team:

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