EV demand will leap 35% this year after record-breaking 2022

Global EV demand, and accompanying sales, is set to surge to another record this year, according to the International Energy Agency’s (IEA’s) latest Global Electric Vehicle Outlook, released today. The latest annual report forecasts a 35% jump in sales this year after 2022 saw more than 10 million sold, which is a new record.

In emerging and developing economies, the report states that the most dynamic area of electric mobility is two- or three-wheel vehicles, which outnumber cars. For example, over half of India’s three-wheeler registrations in 2022 were electric, demonstrating their growing popularity. In many developing economies, two- or three-wheelers offer an affordable way to get access to mobility, meaning their electrification is important to support sustainable development.

Saietta Group plc (LON:SED) is a multi-national business which designs, engineers and manufactures complete Light Duty and Heavy Duty electric drive (eDrive) systems for electric vehicles on land from scooters to buses (vehicle categories L, M, N and T) as well as marine applications.

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