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!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

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!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

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

Biden wants 500,000 EV charging stations. Here's where they should go

A public charging station at Union Station in Washington, D.C. (Photo by Drew Angerer/Getty Images)

Fewer than 10% of Americans have easy access to an electric vehicle charging station, and those who do tend to be wealthy and white.

Why it matters: The Biden administration wants EVs to comprise 50% of all new car sales by 2030, an ambitious target that will likely require broader consumer incentives. But if electric vehicles are going to achieve mass market adoption, people also need to be able to find charging plugs.

White House emphasizes clean bus provisions in bipartisan infrastructure plan

Illustration: Sarah Grillo/Axios

The White House is using a multimedia public sales pitch and press strategy to promote a dual message: The bipartisan infrastructure plan has really good stuff for the climate — but it can’t be anywhere close to the final word from Congress.

Details: The administration has sent out a blitz of fact sheets and favorable press clippings to reporters.

D.C.-Beijing tensions are shifting markets

Illustration: Aïda Amer/Axios

U.S. markets stand to lose $2 trillion in value if D.C. and Beijing drift further apart.

Why it matters: Political chasms are showing up in new securities regulations that put companies and investors in a bind. The rules are also another reflection of how much relations between the world’s largest economies have cooled, even as they remain economically interdependent.