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• Electric Vehicle sales are expected to hit an all-time high in 2022, said the International Energy Agency (IEA).

• IEA, in its annual Tracking Clean Energy Progress (TCEP) update, cited electric vehicles (EV) and lighting are fully on track for their 2030 milestones in its net-zero by 2050 scenario.

• The Paris-based organization said 2022 is expected to see another all-time high for electric vehicle sales, lifting them to 13% of total light-duty vehicle sales globally.

• Also Read: What Recall? Elon Musk Says Term 'Outdated And Inaccurate' For Tesla's Latest NHTSA Order, Prefers This Instead

• EV sales doubled worldwide in 2021 to account for almost 9% of the car market.

• TCEP update assesses 55 components of the energy system, like sectors, technologies, infrastructures, and cross-cutting CO2 mitigation strategies, and evaluates their progress in 2021 towards reaching key medium-term milestones.

• "There are more signs than ever that the new global energy economy is advancing strongly," said IEA executive director Fatih Birol.

• IEA believes global governments' spending on clean energy research and development could reach $35 billion in 2022.

• The note comes as a boost to electric vehicle companies, including Tesla Inc (NASDAQ: TSLA).

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