Global sales of electric vehicles (EVs) look set to break new records in 2023, with a new report from the International Energy Agency claiming that sales will grow by one-third and that electric cars will account for almost one-fifth of the total car market by the end of the year.
The new edition of the IEA’s annual Global Electric Vehicle Outlook, published today (26 April) has found that 10 million EVs were sold globally in 2022. This accounts for cars, rather than vans and other forms of EVs.
The EV market is set to grow even more in 2023, the report states, growing by another 35% to more than 14 million vehicles. As such, EVs are estimated to account for 18% of the total car market by the end of the year, up from 14% in 2022 and 4% in 2020.
Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.
