Web Desk
Sales of electric vehicles have increased significantly following the rise in fuel prices worldwide.
According to a report by the International Energy Agency (IEA), 1.4 million electric vehicles are expected to be sold in 2023, compared to 10 million last year.
That is, there is a possibility of 35% increase in sales of electric vehicles this year.
The overall market share of electric vehicles will increase to 18 percent from 14 percent in 2022.
The IEA stated that sales of electric vehicles have increased significantly and are resulting in a historic shift in the automotive industry worldwide.
According to the report, this trend will have a significant impact on global crude oil demand and is expected to reduce crude oil demand by at least 5 million barrels per day by 2030.
The report said that vehicles are the first wave, electric buses and trucks will also be seen on the roads very soon.
According to the data of the report, 60 percent of the electric vehicles sold worldwide were in China, while the sales of these vehicles in Europe and America increased by 15 and 55 percent respectively last year.
Similarly, sales of electric vehicles in India and Indonesia increased 3 times last year and the overall market share reached 1.5%.
