Electric car sales to rise but affordability in focus, IEA says

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Electric car sales will rise strongly in 2024 despite economic headwinds in some markets, the International Energy Agency (IEA) forecast on Tuesday, but...

LONDON - Electric car sales will rise strongly in 2024 despite economic headwinds in some markets, the International Energy Agency forecast on Tuesday, but affordability and charging infrastructure will be key to future growth.

Take up in Europe is being held back by "a generally weak outlook for passenger car sales and the phase-out of subsidies in some countries", it said. Internal combustion cars remain more affordable than their electric equivalents in Europe and the United States, while in China nearly two-thirds of electric cars sold last year were cheaper than their traditional equivalents.

Meeting the growing demand with charging infrastructure will also pose a key challenge, the IEA added, with charging networks needing to grow six-fold by 2035.Japanese cars have earned and maintained a well-deserved reputation for reliability and affordability. For instance, the 2023 Toyota RAV4 was the fourth bestselling car of 2023, according to Car &...Not all hybrid cars are created equal. While some models offer excellent fuel efficiency, reliability and performance, others fall short.

 

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