EV sales unaffected by pandemic – IEA
Sales in the sector are growing fast thanks to strong consumer demand and policy support from governments
Electric vehicles (EVs) will displace 3.4mn bl/d of oil by 2030 under the IEA sustainable development scenario, adding 850TWh to annual electricity demand. The global EV fleet consumed just over 80TWh in 2020, according to the IEA’s Global EV outlook, released today. The report found that sales in the sector are growing fast and were largely unaffected by the Covid-19 pandemic last year— unlike sales of petrol and diesel vehicles. “EVs have show remarkable success” Gul, IEA “EVs have shown some remarkable success,” says Timur Gul, head of energy technology policy at the IEA, speaking at the launch of the report. “There is one reason — government policy.” China and Europe Around 3mn E

Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30