Global electric car sales grew by 40 per cent in 2019: IEA
According to IEA, there were only about 17, 000 electric cars in 2010, which by 2019 swelled to 7.2 million. But the Covid-19 pandemic will affect the global electric vehicle market this year
New Delhi: The sales of electric cars topped 2.1 million globally in 2019, registering a growth of 40 per cent on a year-on-year basis, according to the latest report by International Energy Agency (IEA).
“Electric cars which accounted for 2.6 per cent of global car sales and about 1 per cent of global car stock in 2019, registered a 40 per cent year-on-year increase,” IEA said in its report titled ‘Global EV Outlook 2020’ adding that the sales in 2019 surpassed 2018 – already a record year – to boost the stock to 7.2 million electric cars.
According to IEA, there were only about 17, 000 electric cars in 2010, which by 2019 swelled to 7.2 million. But the Covid-19 pandemic will affect the global electric vehicle market this year. “Based on car sales data during January to April 2020, our current estimate is that the passenger car market will contract by 15% over the year relative to 2019,” IEA has said.
The report finds the infrastructure for electric-vehicle charging continues to expand globally. In 2019, there were about 7.3 million chargers worldwide of which about 6.5 million were private, light-duty vehicle slow chargers in homes, buildings and workplaces, the report said.
With the projected size of the global electric vehicle market, expansion of battery manufacturing capacity will largely be driven by electrification in the car market. According to IEA, the future electric two and three-wheeler fleet is concentrated in China, India and the ten countries of Association of Southeast Asian Nations (ASEAN).
By 2030, battery electric vehicles are expected to reach an average driving range of 350 to 400 kilometer corresponding to battery sizes of 70-80 kilowatt hour (kwh). For the next decade, the lithium ion battery is likely to dominate the electric vehicle market, IEA said.
Source: energy.economictimes.indiatimes
