Posted by Alumni from WEF
February 18, 2022
Think back a decade. In 2012, the nascent electric vehicle (EV) market was starting to gain momentum, with global sales of 130,000 cars. Today, that number of electric cars is sold every week. While the market for petrol and diesel cars has been dampened by the economic fallout from COVID-19, demand for EVs continues to increase.Factors like climate change and commitments to reach net-zero are helping drive the global shift to emissions-free motoring. Energy consumption and production contribute to two-thirds of global emissions, and 81% of the global energy system is still based on fossil fuels, the same percentage as 30 years ago. Plus, improvements in the energy intensity of the global economy (the amount of energy used per unit of economic activity) are slowing. In 2018 energy intensity improved by 1.2%, the slowest rate since 2010. Benchmarking progress is essential to a successful transition. The World Economic Forum's Energy Transition Index, which ranks 115 economies on how... learn more
Ratings & Reviews
Entrepreneur & Investor