By: Robert Warren
Here is a chart from a report released by the International Energy Agency (IEA.) The chart below illustrates the significant acceleration of electrification plans by major automakers from 2010 to 2022. As of 2023, this trend continues with ongoing announcements. Notably, 2021 marked a watershed moment with a surge in EV sales announcements, demonstrating the industry's commitment to an electric future. Leading automakers such as Toyota, Volkswagen, Ford, Volvo, Geely, BMW, Mercedes, General Motors, Stellantis, Hyundai, Kia, and more have played pivotal roles in this transition.
Key Takeaways:
- The period between 2010 and 2020 saw a gradual increase in EV sales announcements.
- 2021 witnessed a remarkable spike in announcements, reflecting a concerted shift towards electric vehicles.
- As of 2023, the momentum continues, with automakers continually expanding their EV offerings and making new commitments to electrification.
This chart highlights the dynamic evolution of the automotive industry towards sustainable electric mobility, with major players embracing the electric future. With so many players, EV looks promising to stick around and grow within the future years to come.