Vehicle Sales Growth Since 2020 Is Entirely From Electric Cars - CleanTechnica

The article from CleanTechnica challenges the common narrative that demand for electric vehicles (EVs) is weak while fossil-fueled car sales remain strong. Using data from the International Energy Agency (IEA), it highlights that fossil-fueled vehicle sales have been declining steadily since before the COVID-19 pandemic, with significant drops in 2020 and continued decreases through 2024. Despite a slight rebound in 2023, fossil-fueled car sales have not returned to pre-pandemic levels, suggesting that the era of peak gasoline-powered cars may have passed. Conversely, electric vehicle sales have shown consistent and strong growth over the past five years. Even during 2020, a challenging year for the auto industry, EV sales increased slightly and then more than doubled in 2021. This upward trend continued through 2022, 2023, and into 2024, reaching nearly 20 million EV sales out of about 80 million total vehicle sales in 2024