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<blockquote data-quote="Weather Man" data-source="post: 16823208" data-attributes="member: 137766"><p><h3>EVs to account for 60% of new car sales by 2030 - IEA</h3><p>Sep. 23, 2022 5:38 AM ET<a href="https://seekingalpha.com/symbol/TSLA?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATSLA" target="_blank">Tesla, Inc. (TSLA)</a>, <a href="https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AF" target="_blank">F</a>, <a href="https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AGM" target="_blank">GM</a>, <a href="https://seekingalpha.com/symbol/STLA?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ASTLA" target="_blank">STLA</a>, <a href="https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATM" target="_blank">TM</a>, <a href="https://seekingalpha.com/symbol/VWAGY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AVWAGY" target="_blank">VWAGY</a>, <a href="https://seekingalpha.com/symbol/BMWYY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ABMWYY" target="_blank">BMWYY</a>, <a href="https://seekingalpha.com/symbol/MBGYY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AMBGYY" target="_blank">MBGYY</a>, <a href="https://seekingalpha.com/symbol/GELYY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AGELYY" target="_blank">GELYY</a>By: <a href="https://seekingalpha.com/author/sa-editor-yoel-minkoff?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews" target="_blank">Yoel Minkoff</a>, SA News Editor<a href="https://seekingalpha.com/news/3885534-evs-to-account-for-60-of-new-car-sales-by-2030-iea#comments" target="_blank">2 Comments</a></p><p></p><p><img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1372085619/image_1372085619.jpg?io=getty-c-w750" alt="Electric car power charging, Charging technology, Clean energy filling technology." class="fr-fic fr-dii fr-draggable " style="" /></p><p>sarawuth702</p><p></p><p>Electric vehicle investors are gleaning some important data from the latest update to the IEA's "Tracking Clean Energy Progress." The annual report assesses 55 components of the energy system – sectors, technologies, infrastructure and mitigation strategies - to evaluate progress towards reaching key medium-term milestones by the end of the decade. It's part of a broader effort of "Net Zero Emissions by 2050" that seeks to limit the rise in global temperatures to 1.5°C through innovation, behavioral change, sustainable bioenergy and international collaboration.</p><p><em>Snapshot:</em> EV sales doubled worldwide last year to account for almost 9% of the total car market. The trend is picking up again this year as 2M EV sales were recorded during the first quarter, marking a 75% increase compared to the first three months of 2021. In fact, the IEA expects to "see another all-time high for electric vehicle sales [in 2022], lifting them to 13% of total light duty vehicle sales globally."</p><p>"Electric vehicles are the key technology to decarbonize road transport, a sector that accounts for 16% of global emissions," according to the report. "The Net Zero Emissions by 2050 Scenario sees an electric car fleet of over 300M in 2030 and electric cars accounting for 60% of new car sales."</p><p><strong>Other highlights: </strong>The global EV fleet in 2021 displaced around 0.3 Mb/d of oil by consuming about 50 TWh of electricity, which accounts for less than 0.5% of current total final electricity consumption worldwide. The energy density of EV batteries has also been rising over the past year, while there has been a doubling in the market share of lithium iron phosphate cathodes, which require no nickel or cobalt. Meanwhile, deployment of publicly available EV charging points increased by close to 40% in 2021, with 500K public charging points installed, or more than the total stock of chargers available in 2017.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16823208, member: 137766"] [HEADING=2]EVs to account for 60% of new car sales by 2030 - IEA[/HEADING] Sep. 23, 2022 5:38 AM ET[URL='https://seekingalpha.com/symbol/TSLA?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATSLA']Tesla, Inc. (TSLA)[/URL], [URL='https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AF']F[/URL], [URL='https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AGM']GM[/URL], [URL='https://seekingalpha.com/symbol/STLA?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ASTLA']STLA[/URL], [URL='https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATM']TM[/URL], [URL='https://seekingalpha.com/symbol/VWAGY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AVWAGY']VWAGY[/URL], [URL='https://seekingalpha.com/symbol/BMWYY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ABMWYY']BMWYY[/URL], [URL='https://seekingalpha.com/symbol/MBGYY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AMBGYY']MBGYY[/URL], [URL='https://seekingalpha.com/symbol/GELYY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AGELYY']GELYY[/URL]By: [URL='https://seekingalpha.com/author/sa-editor-yoel-minkoff?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews']Yoel Minkoff[/URL], SA News Editor[URL='https://seekingalpha.com/news/3885534-evs-to-account-for-60-of-new-car-sales-by-2030-iea#comments']2 Comments[/URL] [IMG alt="Electric car power charging, Charging technology, Clean energy filling technology."]https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1372085619/image_1372085619.jpg?io=getty-c-w750[/IMG] sarawuth702 Electric vehicle investors are gleaning some important data from the latest update to the IEA's "Tracking Clean Energy Progress." The annual report assesses 55 components of the energy system – sectors, technologies, infrastructure and mitigation strategies - to evaluate progress towards reaching key medium-term milestones by the end of the decade. It's part of a broader effort of "Net Zero Emissions by 2050" that seeks to limit the rise in global temperatures to 1.5°C through innovation, behavioral change, sustainable bioenergy and international collaboration. [I]Snapshot:[/I] EV sales doubled worldwide last year to account for almost 9% of the total car market. The trend is picking up again this year as 2M EV sales were recorded during the first quarter, marking a 75% increase compared to the first three months of 2021. In fact, the IEA expects to "see another all-time high for electric vehicle sales [in 2022], lifting them to 13% of total light duty vehicle sales globally." "Electric vehicles are the key technology to decarbonize road transport, a sector that accounts for 16% of global emissions," according to the report. "The Net Zero Emissions by 2050 Scenario sees an electric car fleet of over 300M in 2030 and electric cars accounting for 60% of new car sales." [B]Other highlights: [/B]The global EV fleet in 2021 displaced around 0.3 Mb/d of oil by consuming about 50 TWh of electricity, which accounts for less than 0.5% of current total final electricity consumption worldwide. The energy density of EV batteries has also been rising over the past year, while there has been a doubling in the market share of lithium iron phosphate cathodes, which require no nickel or cobalt. Meanwhile, deployment of publicly available EV charging points increased by close to 40% in 2021, with 500K public charging points installed, or more than the total stock of chargers available in 2017. [/QUOTE]
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