As the world grapples with the ongoing energy crisis, a significant shift is underway in the automotive industry. According to the International Energy Agency (IEA), electric vehicles are poised to make up nearly 30% of all new car sales this year, a stark increase from previous years. This surge in demand is being driven by both governments and consumers, who are increasingly looking for alternative fuel sources to mitigate the impact of rising energy costs and reduce their carbon footprint. As the global transition to electric vehicles gains momentum, it remains to be seen whether this trend will be sustained in the long term and what implications it will have for the fossil fuel industry.
Close to 30% of cars sold this year are set to be electric as countries and consumers respond to energy crisis IEA – International Energy Agency
