Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Expand chart
Data: International Energy Agency; Chart: Danielle Alberti/Axios

U.S. electric car sales more than doubled in the first quarter of this year compared to the same period in 2020, but check out the chart above — the domestic market remains small compared to Europe and China.

The big picture: Those are two takeaways from new International Energy Agency data out this morning on global electric vehicle markets.

Overall, global EV sales (including plug-in hybrids and fully electric models) grew 41% last year even as overall vehicle sales fell. But EV sales declined slightly in the U.S. last year.

  • Sales are picking up speed in the U.S. and other markets so far in 2021, rising 140% globally in Q1 compared to the first three months of 2020.
  • Overall, there were about 10 million electric cars on the world's roads at the end of last year, plus some 1 million electric vans, heavy trucks and buses, IEA said.

Why it matters: "Current sales trends are very encouraging, but our shared climate and energy goals call for even faster market uptake," IEA executive director Fatih Birol said in a statement.

  • The biggest growth is coming in Europe and China, where government regulation and support are strongest.

The intrigue: At a 30,000-foot level, IEA sees a mixed picture when it comes to EVs globally.

  • Under current policies and trends, the number of electric vehicles on the world's roads (including buses and trucks but excluding two- and three-wheelers) reaches 145 million in 2030, about 7% of the total fleet, IEA projects.
  • Under its Sustainable Development Scenario, which is roughly aligned with the Paris Agreement goals, that 2030 total would reach 230 million.

One big question: How big automakers' EV aspirations do or don't translate into reality.

  • The report has a helpful compendium of major manufacturers' EV targets (scroll down on this page).
  • Those ambitions, if realized, would make global sales largely aligned with IEA's Sustainable Development Scenario.

What we're watching: How much — or how little — the White House can influence the U.S. trajectory in the years ahead.

  • While sales are growing this year, the White House is asking Congress for greatly expanded consumer incentives and funding for charging infrastructure.

Go deeper: The mad scramble for electric vehicle batteries

Go deeper

Ina Fried, author of Login
Updated Apr 28, 2021 - Technology

Apple blows past quarterly estimates

Illustration: Rebecca Zisser/Axios

Apple's latest quarterly results greatly exceeded Wall Street expectations, as sales of the iPhone, Mac and iPad all came in far ahead of expectations. The iPhone maker saw total sales outside the U.S. account for more than two-thirds of its nearly $90 billion in quarterly revenue.

Why it matters: Apple is seen as a bellwether for the broader tech industry and is also a huge driver of demand for chips, screens and other components.

Colonial Pipeline reportedly paid hackers nearly $5 million in ransom

Photo: Logan Cyrus/AFP via Getty Images

Colonial Pipeline paid hackers linked to the DarkSide cybercrime group nearly $5 million in cryptocurrency after last week's ransomware attack, Bloomberg first reported and the New York Times confirmed.

Why it matters: The breach of the largest refined fuels pipeline in the U.S. triggered new concerns about the vulnerability of the country's increasingly digitized energy systems.

Biden warns gas stations not to price gouge: "That's not who we are"

Photo: Drew Angerer/Getty Images

President Biden on Thursday warned gas companies to not price gouge amid major shortages following the Colonial Pipeline cyberattack.

The big picture: Biden added that the FBI does not believe the Russian government is behind the attack, but they do know that those responsible "are living in Russia."