The highest sales figures for cars with internal combustion engines were recorded in 2017.
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Sales of gasoline and diesel cars will not return to pre-pandemic levels, according to BloombergNEF (BNEF) analysts, who have studied demand in the global car market. In 2017, 86 million vehicles were sold worldwide, which was the highest figure. A sharp decline in sales of cars with internal combustion engines began in 2020, which was caused by the coronavirus pandemic, and then an active entry into the electric car market.
According to analysts, the trend of gradual switching to electrified models can be traced in most major markets. It is especially characteristic of China, where demand for fuel-powered vehicles has fallen by 28% in five years. Similar developments are also taking place in Europe, North America and the growing market of Southeast Asia.
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*This material was created by a person who has the status of a foreign agent in the Russian Federation.
From 2026, the market for ICE cars will begin to decline significantly as the industry switches to electric cars, infrastructure develops and the green car fleet grows.
Earlier this year, the European Parliament supported the transition to electric vehicles by 2035. However, in early March, a key vote to ban petrol and diesel cars had to be postponed as Germany demanded that a more flexible approach to the moratorium be considered.
Source: Bloomberg
Photo: depositphotos.com
