Global Electric Car Revolution Poised for Accelerated Growth, IEA Report Shows

“It is clear from our data that electric cars are still gaining ground, although some markets are seeing this more than others,” said IEA Executive Director Fatih Birol. slow, it seems that the global EV revolution is preparing for a new level of growth,” he said.

The organization assumes that every second car sold by 2035 should have an electric drive. Currently, it’s about one in five.

Data shows that electric car sales rose quarter on year in the first quarter of this year. However, some manufacturers are currently showing concern about other developments and, on the other hand, they indicate a drop in demand. For example, Tesla announced the discount of its models because of this. There is no interest in Volkswagen’s electric cars either, and the Chinese manufacturer BYD is also reporting a decline.

In the Czech Republic, 1,307 electric cars were sold in the first quarter, which is 1.2 percent less year on year. Waiting for subsidies, which were launched by the state in the middle of March, could be seen in the statistics. According to data from the National Development Bank from last week, nearly 800 applicants applied for the subsidy. In total, the state would like to support the purchase of at least 4,055 vehicles.

The IEA report identifies two main tools that will help develop electromobility. One is to build new charging stations, the other is to gradually discount vehicles.

“Increasing competition in the market and the development of battery technology are expected to lead to lower prices of electric cars in the coming years,” said the organization. The number of charging stations should then reach 15 million by the end of the decade, which is four times more than now. According to the group, by 2035 it must be increased six times compared to today.