EIA projects global conventional vehicle fleet will peak in 2038

In our International Energy Outlook 2021, we estimate the global light-duty vehicle (LDV) fleet contained 1.31 billion vehicles in 2020, and we project this fleet will grow to 2.21 billion vehicles by 2050. We project electric vehicles (EVs)—any LDV with a charging plug—will grow from 0.7% of the global…