EV sales unaffected by pandemic – IEA
Sales in the sector are growing fast thanks to strong consumer demand and policy support from governments
Electric vehicles (EVs) will displace 3.4mn bl/d of oil by 2030 under the IEA sustainable development scenario, adding 850TWh to annual electricity demand. The global EV fleet consumed just over 80TWh in 2020, according to the IEA’s Global EV outlook, released today. The report found that sales in the sector are growing fast and were largely unaffected by the Covid-19 pandemic last year— unlike sales of petrol and diesel vehicles. “EVs have show remarkable success” Gul, IEA “EVs have shown some remarkable success,” says Timur Gul, head of energy technology policy at the IEA, speaking at the launch of the report. “There is one reason — government policy.” China and Europe Around 3mn E
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells