The International Energy Agency has recently published its 2019 edition of the Global EV Outlook.
The Global EV Outlook combines historical analysis with projections to 2030, providing key insights on electric vehicle and charging infrastructure deployment, ownership cost, energy use, carbon dioxide emissions and battery material demand, the IEA explained in a statement.
The Agency added that the report includes policy recommendations that incorporate learnings from front-running countries to inform policymakers and stakeholders that consider policy frameworks and market systems for electric vehicle adoption. Read more: The impact of smart charging for EVs
Highlights from the report include:
- EV adoption is increasing at a rapid pace. In 2018, the global EV fleet exceeded 5.1 million from 2 million in 2017.
- Policies play a critical role. Leading countries such as China, the US and Norway use a variety of measures such as fuel economy standards, incentives for zero- and low-emissions vehicles, support for EV charging infrastructure and economic instruments that help bridge the cost gap between electric and conventional vehicles.
- Technology advances are delivering substantial cost cuts.
- The EV uptake and related battery production requirements imply bigger demand for new materials in the automotive sector, requiring increased attention to raw materials supply.
- The global stock of electric two-wheelers was 260 million by the end of 2018 and there were 460 000 electric buses.
- The global total for light-duty vehicle chargers reached 5.2 million(540 000 of which are publicly accessible), complemented by 157,000 fast chargers for buses.
- EVs consumed about 58TWh of electricity (largely attributable to two/wheelers in China) and emitted 41 million tonnes of carbon-dioxide, while saving 36 Mt CO2-eq.
Read the full executive summary here.