May 26, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Global and U.S. electric vehicle (EV) sales more than doubled in 2021, according to a new report from the International Energy Agency (IEA) (Paris, France). Sales have continued to rise in 2022, although supply-chain issues and increasing raw material prices pose a threat to the sector's growth.

Toyota Motor Corporation (NASDAQ:TM) (Toyota City, Japan), Rivian Automotive Incorporated (NASDAQ:RIVN) (Irvine, California) are among the automakers worldwide working to produce electric vehicles and related components.