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What Next for the Global Car Industry The importance of the growth in EV sales for the car industry
Highlights In 2024, more than one-fifth of all cars sold globally were electric. Policies remain key to growth in many regions, although falling prices make affordability an increasingly important driver. In China, two-thirds of battery electric cars sold in 2024 were cheaper than internal combustion engine (ICE) equivalents. In other major markets like Europe and North America, electric cars remain more expensive on average. But prices have been falling in many emerging economies on the back of affordable Chinese imports; in Southeast Asia, this helped push the share of electric car sales to 9% in 2024, almost double…
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Ian Hamilton
Director, EREDA Consultants Ltd..
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Ivan Haščič
Senior Economist, OECD Environment Directorate.
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Nopparat Phrom-in
Manager at Thailand Greenhouse Gas Management Organization.
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Marine Gorner
Former Energy and Transport Analyst.
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Duncan Millard
Former Chief Statistician.
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Promotion of Renewable Energy Act
…February 2008, and cannot be installed for the owners consumption. Subsidies are granted in the amount of DKK 0.004 per kWh for 22,000 peak-load hours for each wind turbine. The subsidy can be used to enhance scenic or recreational activities, or to run activities that promote the use of renewable energy in the municipality.
Denmarks transmission system operator, Engerginet.dk, can also provide loan guarantees for wind turbine owners associations or other local initiative groups meeting certain conditions for loans taken out to finance preliminary investigations. These can include siting studies and technical and financial considerations, as… -
Replacement Scheme for Wind turbines on land (scrapping certificates)
…turbines are decommissioned. According to the system, an extra surcharge is paid to new, onshore wind-turbines on the condition that the owner is in possession of a scrapping certificate for a wind turbine with installed power of 450 kW or less which was decommissioned between 15 December 2004 and 15 December 2010. The surcharge is paid to factory-new wind turbines connected to the grid between 1 January 2005 and 31 December 2010.
As a consequence of the energy policy agreement of 21 February 2008 between Denmarks Liberal Party, the Conservative Peoples Party, the Social Democratic Party, the Socialist… -
IEA confirms Member country contributions to collective action to release oil stocks in response to Middle East disruptions
…stocks
Production increase
Crude oil
Oil products
Australia
4.8
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4.8
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4.8
Austria
2.4
2.4
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2.4
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Belgium
0.3
details not yet available
Canada
23.6
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23.6
23.6
Czech Republic
2.2
2.2
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2.2
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Denmark
1.2
1.2
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-
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1.2
Estonia
0.3
0.3
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-
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0.3
Finland
1.8
details not yet available
France
14.6
details not yet available
Germany
19.5
19.5
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details not yet available
Greece
2.0
details not yet available
Hungary -
What Next for the Global Car Industry Executive summary
Fundamental shifts are reshaping global car markets The car industry is undergoing profound changes as electric car sales continue to rise and the geography of global car sales shifts. Global car sales approached 80 million in 2024 and have largely bounced back from their pandemic-related slump. Recent growth has been exclusively driven by sales of electric and hybrid cars, which made up around 30% of total car sales in 2024, while global sales of pure internal combustion engine (ICE) cars peaked in 2017 and have since fallen by 30%. By contrast, electric car sales grew more than 14-fold over…