Hold onto your charging cables, folks—the EV revolution is shifting into high gear! 🚗💨 A new report from the International Energy Agency (IEA) predicts that by 2035, half of all cars sold worldwide will be electric, reshaping the auto industry and slashing global oil demand.
This year alone, EV sales are expected to hit 17 million, up from 14 million in 2023. That means one in five cars sold in 2024 could be electric—and China’s leading the charge. 🇨🇳 The IEA forecasts China’s EV sales will soar to 10 million this year, making up nearly half of its domestic car market. Meanwhile, the U.S. and Europe are catching up fast, with EV market shares projected to hit 11% and 25%, respectively.
Emerging markets like Vietnam and Thailand are also stepping on the accelerator, embracing EVs at a rapid pace. 🌏⚡
\"The global EV revolution is gearing up for a new phase of growth,\"
said IEA chief Fatih Birol. By 2025, oil demand for road transport could peak, and under current climate policies, daily oil consumption might drop by 11 million barrels by 2035—equivalent to cutting global oil use by over 10%. 📉
This seismic shift isn’t just about cleaner air—it’s a full-speed transformation of how we drive, invest, and power our future. Buckle up! 🔋
