![]() ![]() Other economies have announced policies to foster domestic industries that will improve their competitiveness in the EV market in years to come. However, manufacturing remains highly concentrated, with China dominating the battery and component trade – and increasing its share of global electric car exports to more than 35% last year. The new report highlights that announced battery manufacturing projects would be more than enough to meet demand for electric vehicles to 2030 in the IEA’s Net Zero Emissions by 2050 Scenario. The encouraging trends are also having positive knock-on effects for battery production and supply chains. By 2030, the average share of electric cars in total sales across China, the EU and the United States is set to rise to around 60%. Europe and the United States, the second and third largest markets, both saw strong growth with sales increasing 15% and 55% respectively in 2022.Īmbitious policy programmes in major economies, such as the Fit for 55 package in the European Union and the Inflation Reduction Act in the United States, are expected to further increase market share for electric vehicles this decade and beyond. Today, more than half of all electric cars on the road worldwide are in China. China is the frontrunner, with 60% of global electric car sales taking place there in 2022. The overwhelming majority of electric car sales to date are mainly concentrated in three markets – China, Europe and the United States. Cars are just the first wave: electric buses and trucks will follow soon.” By 2030, they will avoid the need for at least 5 million barrels a day of oil. The internal combustion engine has gone unrivalled for over a century, but electric vehicles are changing the status quo. ![]() “The trends we are witnessing have significant implications for global oil demand. “Electric vehicles are one of the driving forces in the new global energy economy that is rapidly emerging – and they are bringing about a historic transformation of the car manufacturing industry worldwide,” said IEA Executive Director Fatih Birol. This explosive growth means electric cars’ share of the overall car market has risen from around 4% in 2020 to 14% in 2022 and is set to increase further to 18% this year, based on the latest IEA projections. The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million electric cars were sold worldwide in 2022 and that sales are expected to grow by another 35% this year to reach 14 million. This way, you ensure that you only show the most relevant posts for that product.Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil. With this option, you can create an automatic product feed and make only certain posts appear by filtering them by a specific hashtag. If you want to add product feeds to multiple product pages, you just need to paste the same code from the feed you created and it will automatically fetch the respective products for each page based on the tags. This way, you will only see the posts tagged with the product from that page. Then, you need to save the feed and add the code to a product page. On that feed, tag the posts with products from your store. Ĭreate a new feed and set ‘Automatic product feed’ on. If you need to do this for multiple product pages, you need to create one feed for each page. This way, you will only see your Instagram posts with the hashtag you chose. Save the feed and add the code to the respective product page. ![]() You can create product feeds on product pages in three different ways using our Plus plan:Ĭreate a new feed and type the hashtag that identifies your product posts on Instagram in the ‘Filter by Hashtags’ field. HOW DO I CREATE PRODUCT FEEDS ON PRODUCT PAGES? ![]()
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