14 million vehicles in 2023. Thus ends the century of oil – Corriere.it

Worse than electroshock. Reading the Global Electric Vehicle Outlook 2023 published by the International Energy Agency (IEA) there to be really thrilled. Because with data, projections, statistics and analyses, the end of a century is told: that of oil. And yes, because according to the IEA which, let us remember, is not a group of researchers with a focus on hyperuranium, but an intergovernmental body founded by the OECD, heat engines are destined to fade away and armies of electron propulsion systems can be glimpsed on the horizon. In short, a revolution, indeed a real paradigm shift already underway with a boom expected for the end of this year.

The data

Some data: analysts from the International Energy Agency inform us that globally sales of battery-powered vehicles have exceeded 10 million units and will reach 14 million by the end of 2023. In just three years, the share of the world market for electric cars has gone from 4% in 2020 to 14% in 2022 and will exceed 18% by this year. Again according to the report, by 2030 at least 5 million barrels of crude oil will be cut and the atmosphere will not be asphyxiated by 700 mega-tons of carbon dioxide produced by fossil fuels. Global spending on electric vehicles (including buses and trucks) exceeded $425 billion in 2022, more than 50% more than in 2021.

Consumers choose the electric car

A result determined by government subsidies? Not at all, bonuses accounted for only 10% of decisions. The rest, or 90%, was a free and convinced choice by consumers who, moreover, continue to declare themselves satisfied with their purchases. And so far so good for the West. But the horizon in pink becomes very gray when forecasts concern market players. China stands out in first place (60% of world market share in 2022) while the United States and Europe have to be satisfied with the remaining 40% even if the forecasts are for more than positive increases especially in the United States and Northern Europe where they are emerging gigafactories and research centers for the production of new and more performing batteries.