Published

Global Fleet of Electrified Vehicles Jumped 60% in 2016

The number of all-electric and plug-in hybrid vehicles on the road worldwide surged 60% to 2 million units last year, the Paris-based International Energy Agency reports.
#hybrid

Share

The number of all-electric and plug-in hybrid vehicles on the road worldwide surged 60% to 2 million units last year, the Paris-based International Energy Agency reports.

Growth was led by China, which accounts for 40% of global sales of electrified vehicles. Details are available in IEA’s just-released 71-page Global EV Outlook 2017 report.

IEA notes that a 10-government coalition will announce on Thursday a goal of hiking the market share for such cars, trucks and buses to 30% of sales by 2030 from only 0.2% today. Dubbed EV30@30, the initiative will be unveiled at the Clean Energy Ministerial meeting in Beijing.

Electrified cars captured a 29% market share in Norway last year, thanks to heavy government support. IEA says the next-best countries for such vehicles were the Netherlands (6%) and Sweden (3%).

The agency estimates the world would need to put some 600 million electrified vehicles on the road by 2040 to limit the rise in global warming to less than 2°C. That’s the target set by the 120-nation Paris Agreement.

RELATED CONTENT

  • Hyundai Shops for a Partner to Make Electric Scooters

    Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.

  • On Military Trucks, Euro Car Sales, Mazda Drops and More

    Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.

  • Aluminum Sheet for EV Battery Enclosure

    As the number of electric vehicles (EVs) is about to increase almost exponentially, aluminum supplier Novelis is preparing to provide customers with protective solutions

Gardner Business Media - Strategic Business Solutions