IEA: More incentives, research and policies, are needed to drive further EV uptake

IEA: More incentives, research and policies, are needed to drive further EV uptake

Against the backdrop of the record-high number of 3.1 million electric vehicles (EVs) worldwide on the roads in 2017, the International Energy Agency (IEA) has said in a recent report that more incentives, research and policies are required to further encourage the adoption of EVs.

The IEA report, first brought into notice by Reuters, comprises some of the pertinent details complied by the agency in its annual study regarding electric vehicles acceptance among consumers and automobile companies.

The 3.1 million EV numbers recorded in 2017 marked a 57% increase over the EV figures for 2016. These EVs included battery-electric, plug-in hybrid electric and fuel-cell electric passenger light-duty vehicles.

According to IEA’s projections, the number of EVs on roads worldwide will touch nearly 125 million units by the year 2030. However, the agency has also asserted alongside that the projected number could even touch 220 million units, provided that countries and people can address the climate change issues.

The projections by the IEA that the number of EVs on roads worldwide is poised for a mammoth increase in the coming years are not much surprising. The popularity of EVs is already on the rise in the recent times, thanks to ongoing EV efforts by an increasing number of automakers and the falling battery costs.