Electric vehicle (EV) sales set to hit an all-time high in 2022, IEA says

Photo taken of Tesla electric cars in Germany on March 21, 2022. According to the International Energy Agency, electric vehicle sales will of course hit an “all-time high” this year.

Sean Gallup | Getty Images News | beautiful pictures

According to the International Energy Agency, electric vehicle sales are certain to hit an all-time high this year, but other sectors need to work harder to get the planet on track to reduce net emissions. by 2050, according to the International Energy Agency.

In an announcement accompanying the Clean Energy Progress Tracking update, the IEA said there were “encouraging signs of progress across a number of areas” but warned that “vigorous efforts are needed”. more” to put the world “on track to achieve net zero emissions” by mid-century.

TCEP, published annually, reviewed 55 components of the energy system. Focusing on 2021, it analyzed how these components will progress as “mid-term milestones are reached by the end of the decade”, as outlined in the organization’s net-zero roadmap. headquarters in Paris.

Regarding electric vehicles, the IEA says global sales have doubled by 2021, accounting for nearly 9% of the car market. Going forward, 2022 is “expected to see an all-time high for electric vehicle sales, lifting them to 13% of total light truck sales globally.”

The IEA previously stated that electric vehicle sales reached 6.6 million units by 2021. In the first quarter of 2022, electric vehicle sales reached 2 million units, a 75% increase from the first three months of 2021. .

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The IEA said both electric and light vehicles – where more than 50% of the worldwide market is currently using LED technology – were “absolutely on track for the 2030 milestones” in the zero scenario by 2050. .

Despite the prospect of electric vehicles, the IEA separately notes that they are “not yet a global phenomenon. Sales in developing and emerging countries have slowed due to higher purchase costs and lack of availability. have of the charging infrastructure.”

Overall, the rest of the picture is more of a challenge. The IEA noted that 23 regions are “not on track” with another 30 deemed to need more effort.

“Areas not on track include improving the energy efficiency of building designs, developing clean and efficient area heating, phasing out coal-fired power generation, eliminating flare methane, shift aviation and transportation to cleaner fuels, and make cement, chemical and steel production cleaner,” the IEA said.

The shadow of the 2015 Paris Agreement looms over the IEA report. Described by the United Nations as a “legally binding international treaty on climate change”, the accord aims to “limit global warming to below 2, preferably 1.5 degrees Celsius, compared to pre-industrial level.”

Cutting anthropogenic carbon dioxide emissions to net zero by 2050 is considered critical once the 1.5 degrees Celsius target is reached.

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In a statement released on Thursday, the IEA’s executive director, Fatih Birol, was cautiously optimistic. “There are more signs than ever that the new global energy economy is going strong,” he said.

He added: “This reaffirms my belief that today’s global energy crisis can be a turning point towards a cleaner, more affordable and safer energy system.

“But this new analysis from the IEA highlights the need for greater and sustained efforts across a range of technologies and sectors to ensure the world can meet its energy and climate goals. “

The IEA’s report comes at a time of growing debate and discussion about climate goals and the future of energy.

This week, the UN secretary general said developed economies should levy an additional tax on the profits of fossil fuel companieswith funds going to countries affected by climate change and households grappling with the cost of living crisis.

In a speech to the United Nations General Assembly in New York, Antonio Guterres described the fossil fuel industry as “eating hundreds of billions of dollars in subsidies and profits while household budgets shrunk and our planet burned.”

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