IEA report- EV Fleet to reach 145 Million by 2030

According to a new International Energy Agency (IEA) report, the world EV fleet will reach 145 million by 2030. The Global Electric Vehicle Outlook 2021 looks at 2020 and 2021 Q1 numbers, near-term trends and long-term trends.

Based on the current trend and policies, the report found that the fleet of EVs, including cars, vans, heavy trucks, and buses, would reach 145 million. However, if governments accelerate efforts to reach climate goals, the global fleet could reach 230 million by 2030.

The move to electric is not limited to EV companies. The report found that of the 20 top vehicle manufacturers, 18 have started to produce EVs. While on the trucking side, four major truck manufacturers have already committed to an all-electric line-up in the next few years.

As of 2020, there were 370 EV models available to consumers globally. The number of options will only increase as demand continues to drive manufacturers to look at EVs. For instance, in 2021, EV sales increased by 140% in Q1 year over year. Leading the increase in sales was China with 500,000 vehicles sold and Europe with 450,000 EVs sold.

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