IEA report on Global EV Outlook 2021

IEA report on Global EV Outlook 2021

2020 was a bumper year for EV sales with 10 million electric cars on the world’s roads.

EV fleets are expanding at a fast pace in several of the world’s largest vehicle markets. The costs of batteries and EVs are dropping. Charging infrastructure is expanding. This progress promotes electrification of transport modes such as two/three-wheelers, light-duty vehicles (LDVs) (cars and vans), taxis and shared vehicles, buses and heavy-duty vehicles with short range requirements such as urban deliveries. Manufacturers are continuing to expand the number of EV models available to customers.

Europe overtook the People’s Republic of China (“China”) as the world’s largest electric vehicle (EV) market for the first time. Electric bus and truck registrations also expanded in major markets, reaching global stocks of 600 000 and 31 000 respectively.

The Global EV Outlook is an annual publication that identifies and discusses recent developments in electric mobility across the globe. It is developed with the support of the members of the Electric Vehicles Initiative (EVI).

Combining historical analysis with projections to 2030, the report examines key areas of interest such as electric vehicle (EV) and charging infrastructure deployment, energy use, CO2 emissions and battery demand. The report includes policy recommendations that incorporate learning from frontrunner markets to inform policy makers and stakeholders that consider policy frameworks and market systems for electric vehicle adoption. China remains home to the world’s largest fleet of EVs at 4.5 million, though Europe had the largest annual increase in 2020 to reach stock of 3.2 million. More than 10 million electric cars were on the world’s roads in 2020 with battery electric models driving the expansion

In Europe, around 60 new models were launched

Overall Europe’s car market contracted 22% in 2020. Yet, new electric car registrations more than doubled to 1.4 million representing a sales share of 10%. In the large markets, Germany registered 395 000 new electric cars and France registered 185 000. The United Kingdom more than doubled registrations to reach 176 000. Electric cars in Norway reached a record high sales share of 75%, up about one-third from 2019. Sales shares of electric cars exceeded 50% in Iceland, 30% in Sweden and reached 25% in the Netherlands.

Publicly accessible chargers reached 1.3 million units globally in 2020. Installation was up 45%,

The US car market declined 23% in 2020, though electric car registrations fell less than the overall market. In 2020, 295 000 new electric cars were registered, of which about 78% were BEVs, down from 327 000 in 2019. Their sales share nudged up to 2%. Federal incentives decreased in 2020 due to the federal tax credits for Tesla and General Motors, which account for the majority of electric car registrations, reaching their limit.

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