News IEA: By 2040, nearly half of the world’s cars will be electric vehicles
International Energy Agency released World Energy Outlook 2018 in Beijing on 23. The report argues that 20% of the increase in global electricity demand will come from Chinese motor demand. By 2040, all global energy demand growth will come from developing economies, with nearly half the world’s cars being electric vehicles. “Electricity is increasingly becoming the preferred fuel for economies that are more dependent on light industry, services and digital technology,” said Laura Cozzi, chief energy model officer of the […]
