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Battery deployment in the power sector is surging to record levels worldwide, but still needs to increase six-fold to meet COP28 2030 climate and energy goals, according to the IEA
PARIS, April 24 — Sales of electric cars are surging and expected to break another record in 2024, the International Energy Agency said on Tuesday, with China a big market for...
IEA foresees 2024 as a groundbreaking year for electric car sales, especially in China. The global electric vehicle sector is poised for significant growth, driven by increasing investments in battery manufacturing and ambitious expansion plans by automakers.
IEA: "Tight margins, volatile battery metal prices, high inflation, and the phase-out of purchase incentives in some countries have sparked concerns about the industry's pace of growth, but global sales data remain strong," the Paris-based energy watchdog said in its Global Electric Vehicle Outlook.
PARIS -- Almost one in three cars on the road in China and more than one in five in the U.S. and Europe will be electric by 2030, the International En