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1 in 5 new car sales globally were EVs in 2023, and that's curbed oil demand – IEA

electrek.co 1 in 5 new car sales globally were EVs in 2023, and that's curbed oil demand – IEA

Without clean energy and EVs, the global rise in emissions in the last five years would have been three times larger, new IEA analysis shows.

1 in 5 new car sales globally were EVs in 2023, and that's curbed oil demand – IEA
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  • An exceptional shortfall in hydropower due to extreme droughts in the US, China, and several other economies resulted in over 40% of the rise in emissions in 2023 as countries turned largely to fossil fuels to plug the gap.

    I’m honestly surprised Hydro (or rather lack thereof) accounted for that much of the difference.

    • Three Gorges Dam (which has been a massive environmental catastrophe itself) generates 10% of China's electricity.