Quantity Of EV Fashions Catching Up On ICE

The variety of EV fashions obtainable globally greater than doubled from 410 in 2020 to 980 in 2026.

By 2029, the IEA expects round 1,250 EV fashions to be obtainable to customers worldwide.

In the meantime, the variety of inner combustion engine (ICE) fashions has dropped from 1,380 in 2020 to 1,330 in 2025. The determine is projected to rise barely to round 1,340 fashions by 2029.

Hybrid automobiles, which mix combustion engines with electrical expertise, are additionally anticipated to proceed gaining floor, with the variety of fashions forecast to extend from  110 in 2020 to 240 by 2029.

In India, Tata Motors has emerged because the main participant within the home electrical passenger car market, with standard fashions together with the Tata Punch EV, Tata Nexon EV and Tata Tiago EV.