IEA Predicts 250 Million EVs On The Road By 2030
IEA
Predicts 250 Million EVs On The Road By 2030 (CleanTechnica)
- The International Energy Agency (IEA) has doubled its forecasts for the number of EVs on the road globally to 250m by 2030 (up from 125m).
- This forecast assumes that the 25 nations that are part of the Clean Energy Ministerial EV30@30 achieve their commitments, and would translate to EV sales of 43m by 2030.
- The report looks at key areas, including “electric vehicle and charging infrastructure deployment, ownership cost, energy use, carbon dioxide emissions, and battery material demand.”
Analysis & Comments
- Market forecasts for EV adoption continue to rise. Some investors are expecting EV sales to increase to 7.9m by 2023 and 28m by 2028. This is based on plans for charging infrastructure roll out, electrification programs by auto OEMs, capacity additions by cell manufacturers, and battery pack cost reduction.
- Electrification of the transportation sector is a major risk for long term oil demand. However, the risk posed by the electrification of passenger cars, while important, will take time to materialise.
- The real risk in our lies in the electrification of commercial vehicles (and off-road vehicles). Commercial vehicles are responsible for more than 50% of oil demand in road transportation, despite representing only 25% of vehicles on the road.
- The truck sector was responsible for 40% of the growth in global oil demand.
Published by Mr. Crypto Lemon
on
Posted from my blog with SteemPress : https://mentormarket.io/stocks/mr-crypto-lemon/iea-predicts-250-million-evs-on-the-road-by-2030/
That is a good prediction I know in some countries in Scandinavian for example that they offer good tax breaks for Electric vehicles to support getting more of them on the road
Indeed, Norway 🇳🇴 is the first EV market in Europe (volumes). 25% of the market is now electric. Funny for a top oil producer ahah
Posted using Partiko iOS
Thats great they are leading the way and kind of a contrast with being an oil producer LOL
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
Hi @vlemon!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 5.565 which ranks you at #597 across all Steem accounts.
Your rank has dropped 5 places in the last three days (old rank 592).
In our last Algorithmic Curation Round, consisting of 192 contributions, your post is ranked at #8.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server