Stories

Electric vehicles surge but falling short of long-term global target

Worldwide sales of electric vehicles jumped by 54% last year, but current and planned policies won't achieve an international goal of 30% of new vehicle sales by 2030, the International Energy Agency said Wednesday.

Data: Energy Information Administration; Chart: Chris Canipe/Axios

Why it matters: Major progress in electrifying the transport sector — not only passenger cars, but also trucks, buses and other transport — will be vital in achieving very steep greenhouse gas emissions cuts in the coming decades.