Business View Magazine | Volume 8, Issue 7

70 BUSINESS VIEW MAGAZINE VOLUME 8, ISSUE 7 T he International Energy Agency recently released its first Global Electric Vehicle Outlook. Of note: sales of electric vehicles grew despite the pandemic-related economic downturn, and Europe surpassed China on electric vehicles bought for the first time in 2020. Post-pandemic economic rescue plans further boosted the global uptake of EVs. And while global car sales took a pandemic-related hit last year, electric vehicles (EVs) bucked the trend. The number of EVs registered across the globe expanded massively in 2020, according to the International Energy Agency (IEA) – and this is set to continue over the next decade. Here are five facts about the market from the agency’s first Global Electric Vehicle Outlook report . ELECTRIC VEHICLES 5 Important Things to Know F