Sales of electric vehicles reached a historical high and account for 20% of the global market

Visa prepares to launch stablecoin payments and seeks tech talent The International Energy Agency predicts EV sales will account for 18% of the global market this year, nearly four times what it was in 2020, thanks to a switch from combustion engines to electric drive that will also dampen demand oil at 5 million barrels a day. China dominates the global electric vehicle sales market, with more than half of the sales coming from these vehicles, as well as the battery industry. SUVs and large cars account for two-thirds of sales in China, Europe and the US. For the mainstream adoption of electric vehicles, it is important to provide more affordable and cost-competitive options, including in emerging markets.