Karmactive Staff
The global transition to electric vehicles (EVs) is happening fast and it’s big for the world’s electricity grids. Finbold research using IEA data shows that global electricity demand from EVs has already grown by 3,630.77% from 2,600 gigawatt hours (GWh) annually in 2013 to 97,000 GWh in 2023. And it’s going to grow another 631.96% by 2030 to 710,000 GWh.
China, the biggest EV market in the world, has been the biggest driver of EV energy demand. In 2013, it needed 470 GWh to fuel its electric cars, but by 2023 it was 38,000 GWh. By 2030 China will account for 32.39% of global EV electricity demand, 230,000 GWh. The US was the leader in this space but has fallen behind in recent years but will catch up with China by 2030, with its EV driven electricity demand to reach 230,000 GWh.
The global energy landscape is being transformed by Evs as 1.7 million barrels of oil are being replaced by electric cars every day according to the IEA. That’s 3% of the world’s total road fuel consumption. By 2030 that will be over 420 million barrels. But we need to acknowledge that there is still much controversy around lithium mining which is key to lithium ion batteries and that driving electric cars is not the only way to reduce fossil fuels.
Governments are adjusting to this new world. China has been leading the global EV charge, with policies and investments to support its domestic EV industry and the infrastructure. The US has been lagging behind for a few years but is about to catch up, with projections to be on par with China by 2030. The benefits of the EV transition are obvious, reducing emissions and improving air quality. But the whole EV ecosystem, from battery to recycling, needs to be sustainable and that requires policy and industry working together.
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Experts disagree on how much electric vehicles (EVs) will impact global electricity demand by 2030:
- The International Energy Agency (IEA) says EVs of all types are already replacing 1.7 million barrels of oil per day, or 3% of total road fuel demand. By 2030 that will be 420 million.
- In the IEA’s Net Zero Scenario there are over 1 billion EVs on the road by 2040, adding 9% to global electricity demand. Electrifying all of road transport by 2050 in this scenario adds 27% to global electricity demand.
- Wood Mackenzie says BEVs will be 58% of light vehicle sales globally by 2050. But they think there won’t be enough affordable EVs to be 16% of light vehicle sales everywhere else by then.
Key Developments and Future Prospects
- By 2030, 5% of all vehicles will be zero-emission, says EV makers.
- A mix-and-match battery system is unveiled by EVs.
- Millions of cars will switch to clean energy by 2030 – a whole new world of transport.
- Cloud-based platforms will optimize energy for safer, longer zero-emission trips.
- Cars are being strategically retrofitted by EVs and pollution and cost are being cut.
- A million-strong fleet of clean cars by 2030 – will this change the face of motoring?
- Modular battery systems tested on EVs – zero-emission travel proven on a big scale.
- Cars are being retrofitted by EVs and pollution and cost are being reduced.
- A million cars by 2030 – will this remake the automotive industry?
The demand for power worldwide is being pushed up by electric cars, which have increased by over 3,600% in only ten years. What is driving this explosive growth? Make a swipe to see the possible changes.
