ADVERTISEMENT

Electric vehicles are coming off a record year, but remain very far from the mainstream

Electric vehicles are on the up, according to a new report, but it’s all relative.

null

Electric vehicles are on the up, but it’s all relative.

ADVERTISEMENT

According to a report released this week by the International Energy Agency, the total number of electric cars on roads around the world surpassed two million in 2016. More than 750,000 of those registrations came last year, continuing a trend of steady global growth, largely off the back of continued EV adoption in China.

But while more is better, electric vehicles remain a small niche. As this chart from Statista shows, those EV registrations only made up around one percent of the total market. The IEA says that two-million figure only represented 0.2% of the light-duty vehicles on the road last year.

That’s not great, but on the flip side, it means there’s still plenty of room for growth. That should be easier as electric vehicles continue to get better and more affordable.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

10 African countries with the lowest life expectancy according to the World Bank

10 African countries with the lowest life expectancy according to the World Bank

Kenyan women are more obese than their men - here’s why

Kenyan women are more obese than their men - here’s why

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

After months of exchanging blows, Kenya and Uganda takes steps towards resolution

After months of exchanging blows, Kenya and Uganda takes steps towards resolution

Africa's first black billionaire could join $2.9 billion Vivendi bid for MultiChoice

Africa's first black billionaire could join $2.9 billion Vivendi bid for MultiChoice

10 most dangerous African countries in 2024

10 most dangerous African countries in 2024

Russia’s nuclear influence expands further north of Africa

Russia’s nuclear influence expands further north of Africa

Navigating the future: How AI transforms selling on Amazon

Navigating the future: How AI transforms selling on Amazon

ADVERTISEMENT