Demand for EVs Puts New Pressures on Auto Supply Chains (.PDF Download)

Aug. 29, 2023
With dealers expected to sell 14 million electric vehicles this year, auto supply chains are being retooled and rewired to meet the growing demand.

About 10 million electric vehicles (EVs) were sold to customers around the world last year, with EV sales are expected to continue their strong, upward trajectory in 2023 and beyond. By the International Energy Agency’s (IEA) estimates, dealers will sell 14 million EVs this year, representing a 35% year-over-year increase compared to 2022. At that point, EVs will account for 18% of total car sales in 2023, up from around 4% in 2020. 

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