SUV Sales Exceed 40% Of Global Car Sales For The First Time

Sales of SUVs have been continuously rising not only in America but also around the world, to the point of exceeding 40 percent of all new car sales worldwide in 2019, the International Energy Agency (IEA) said in its World Energy Investment 2020 report, noting that preferences for larger cars have dampened fuel economy improvements and more than offset the gains by EVs. Over the past decade, the world has seen “a dramatic shift towards bigger and heavier cars,” the Paris-based agency said. This shift toward SUVs has doubled the SUV…