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Daily Data InsightsGlobal sales of combustion engine cars have peaked

Global sales of combustion engine cars have peaked

A bar chart titled "Global sales of combustion engine cars have peaked," showing annual car sales from 2010 to 2023. The chart highlights that combustion engine car sales peaked in 2017/18 and have declined since, while electric car sales (in orange) have steadily risen. Total car sales hover around 70–80 million annually, with electric cars making a growing share of the market from 2018 onward. Data source: International Energy Agency, Global EV Outlook 2024. Note: Electric cars include fully battery-electric and plug-in hybrids.

To decarbonize road transport, the world must move away from petrol and diesel cars and towards electric vehicles and other forms of low-carbon transport.

This transition has already started. In fact, global sales of combustion engine cars are well past the peak and are now falling.

As you can see in the chart, global sales peaked in 2018. This is calculated based on data from the International Energy Agency. Bloomberg New Energy Finance estimates this peak occurred one year earlier, in 2017.

Sales of electric cars, on the other hand, are growing quickly.

Explore more data on electric car sales across the world →

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