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

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.