According to a report by the International Energy Agency (IEA), the number of electric vehicles on the road in 2016 reached 2 million units. Meanwhile, new electric vehicle sales in 2016 reached 750,000 units, equivalent to 1.1 percent of total global car sales that year.
Based on data from automakers, the IEA predicts that electric vehicles will reach 9-20 million units in 2020 and 40-70 million units in 2025. The current 2 million units represent approximately 0.2 percent of global light vehicle circulation. Reaching 50 million units would represent 5 percent of the world's total vehicles.
Numerically, these figures demonstrate the currently small contribution of electric vehicles, but also illustrate their significant future growth potential.
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