It turns out that one in five new cars sold around the world is an EV, and oil demand has been suppressed, and battery prices are falling rapidly
The International Energy Agency (IEA) has announced that the increased demand for electric vehicles (EVs) has suppressed the demand for oil, bringing about positive changes for the environment.
1 in 5 new car sales globally were EVs in 2023, and that's curbed oil demand – IEA
https://electrek.co/2024/03/02/1-in-5-new-car-sales-globally-in-were-evs-in-2023-oil-demand-iea/
EV LFP Battery Price War at Less Than $56 per kWh Within Six Months | NextBigFuture.com
https://www.nextbigfuture.com/2024/01/ev-lfp-battery-price-war-w-55-in-six-months.html
According to the ' 2023 Carbon Dioxide (CO2) Emissions ' and ' Clean Energy Market Survey ' reports published by the IEA in March 2024, CO2 emissions in 2023 will increase by 1.1% from the previous year, and will It has reached a record level of 37.4 billion tons.
This increase is thought to be due to abnormal droughts seen in several economic regions such as the United States and China, resulting in a shortage of hydroelectric power generation.
On the other hand, emissions in developed countries have achieved a record decline and have fallen to the level of 50 years ago. In addition, it was found that the level of increase in CO2 emissions was lower than last year, despite an acceleration in total global energy demand.
The decline in emissions in developed countries was driven by strong renewable energy deployment, the switch from coal to gas, improved energy efficiency and a softening in industrial production, the IEA said. It is also reported that the spread of EVs, which will account for one in five new car sales worldwide in 2023, has played an important role in suppressing oil demand.
The price of 'batteries', which has a large impact on the price of EVs, is also steadily declining, and the price of LFP batteries for EVs, which was around $124 (about 19,000 yen) per kWh at the beginning of 2023, will drop to 56% per kWh by the end of 2024. It is predicted that it will fall below the dollar (about 8000 yen). Given this situation, it is expected that the supply of EVs will continue to increase in the future.
Coal demand in developed countries has fallen to levels not seen since the early 1900s, and 2023 will be the first year that more than half of electricity generation in developed countries will come from low-emission sources such as renewables and nuclear. We also know that without EVs, solar power, wind power and nuclear power, global emissions growth would have tripled over the past five years.
From 2019 to 2023, the growth rate of clean energy will be twice that of fossil fuels, and IEA analysis shows that the introduction of clean energy over the past five years has significantly reduced the growth in demand for fossil fuels. The foundation has been laid for accelerating the transition away from fossil fuels over the past 10 years.
IEA Director General Fatih Birol said: “The clean energy transition has undergone a series of stress tests over the past five years. Pandemics, energy crises and geopolitical instability have all contributed to the need for cleaner and safer energy sources. 'This could have derailed efforts to build such a system. However, the opposite phenomenon is occurring in many economies,' he said, expressing his hope that clean energy will continue to increase in the future. Did.
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