EV to make up 10-20% of world's vehicles by 2030 — IEA
A recent spike in electric vehicle sales in B.C. is part of a global trend that saw 5.1 million EVs sold last year, according to the International Energy Agency (IEA).
That's not including two-wheeled electric vehicles (scooters, e-bikes, etc.), or low-speed electric, which was about 5 million in 2018, with sales mostly in China.
Most of the world’s EV adoption has been in passenger cars, and is led by China, which accounts for 45% of the adoption
"Good news – the number of electric cars on the road continues to grow," said Mechthied Worsdoffer, the IEA’s director of sustainability, technology and outlooks."The electric car deployment since the early 2010 decade was really fast."
The IEA’s new Global Electric Vehicles Outlook projects global EV sales to hit 22 million by 2030, under its new policies scenario, which assumes no policy changes. That would bring the total number of EVs on the road in the world to 130 million.
Under a more aggressive EV@30 policy scenario, which would include enhanced government policies and incentives, total EVs globally could be as high as 210 million electric cars, or 250 million electric vehicles, counting e-buses and other electric vehicles.
There are currently more than 1 billion vehicles in the world, so if the IEA’s projections hold true, that means that 10% to 20% of the world’s vehicles could be electric by 2030.
Worsdoffer was one of the speakers at a global clean energy conference – the Clean Energy Ministerial – which is holding its annual conference in Vancouver this week.
The CEM conference annually gathers the world’s energy ministers to discuss policies aimed at accelerating clean energy transitions.
Worsdoffer said the three most important factors driving EV adoption is government policies (such as EV subsidies and zero emission vehicle mandates), technology improvements (including falling battery costs) and charging infrastructure.
Assuming the new policies scenario, EV adoption would decrease global greenhouse gas emissions by 225 million tonnes, Worsdoffer said, though she added that the GHG reductions from EVs varies from country to country, depending on how it gets it electricity.
Canada overall has generally clean power, thanks to large-scale hydro in B.C., Manitoba and Quebec, and nuclear power in Ontario.
Most of the world’s EV adoption has been in passenger cars, and is led by China, which accounts for 45% of the adoption, Worsdoffer said. The next biggest potential market – the “low hanging fruit” – is urban buses.
China is leading the way in electric bus adoption, with 460,000 now in use in China, and 90,000 new ones sold in 2018. There are roughly 250,000 electric light duty commercial vehicles on the road.
source: MINING.COM
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
