Sales of electric vehicles (EVs) reached a record 3 million in 2020, according to a report from the International Energy Agency (IEA) .
That’s an increase of 40 percent from 2019 and is in contrast to overall car sales, which saw a 16 percent decrease.
The report further estimated that EV sales could reach 23 million by 2030, thanks partly to the Biden administration’s stated goal of half of all vehicles sold in 2030 being zero-emissions vehicles.
Pointedly, lithium batteries are the preferred battery technology because it has the highest charge-to-weight ratio.
The push to transition to electric vehicles is driven by key regulations by the United States, Canada, and the European Union, to reduce carbon dioxide (CO2) and greenhouse gas (GHG) emissions from internal combustion engine vehicles, and transition to a more environmentally friendly future, according to the energy agency….