Increasing Affordability is Accelerating Global EV Uptake
Electric vehicle adoption is accelerating globally thanks to the growing affordability of electric cars. A recent International Energy Agency (IEA) report has found that although the global auto industry has faced several headwinds in the past few months, electric vehicle sales are growing. Published last month, the Global EV Outlook from the IEA predicted that 2025 will be a good year for electric cars, with EVs accounting for over 25% of all the cars that will be sold worldwide this year. The annual report notes that carmakers sold 17 million electric cars globally in 2024, accounting for slightly over 20%…