BNEF: 100 million electric vehicles could be on the world’s roads within 3 years

Global electric vehicle sales continue to accelerate and, according to BloombergNEF (BNEF) researchers, could rise from 10.5 million units last year to 42 million by 2030. As a result, 100 million electric vehicles could be on the world’s roads as early as 2026, a 370% increase compared with the start of this year.

In their latest long-term outlook for the development of electric mobility, BNEF researchers said that electrification is gradually gaining ground across all areas of road transport, and increasingly in developing countries such as India, Thailand and Indonesia.

BNEF expects this development to accelerate further in the coming years. Annual sales of passenger electric vehicles could rise from 10.5 million units last year to 22 million by 2025, and then to 42 million in 2030. Electric vehicles could account for 26% of total new car sales in 2025 and as much as 44% in 2030.

"Growth will be even faster in some countries, such as the Nordic countries, China, Germany, South Korea, France and the United Kingdom," BNEF added.