Last year saw more than three million electric vehicles (EVs) on the world's roads, a record figure driven by demand in China, according to a report by the International Energy Agency (IEA). The IEA said that China was expected to overtake Germany as Europe's largest market for EVs within five years. Reporting by Nina Chestney; Editing by Alexandra Hudson The IEA report said the uptick would put pressure on lithium and cobalt supplies, as well as transmission and distribution grids.
Last year saw more than three million electric vehicles (EVs) on the world's roads, a record figure driven by demand in China, according to a report by the International Energy Agency (IEA). The IEA said that China was expected to overtake Germany as Europe's largest market for EVs within five years. The IEA report said the uptick would put pressure on lithium and cobalt supplies, as well as transmission and distribution grids.