Post by account_disabled on Mar 6, 2024 4:30:51 GMT -5
Leading to a 50% year-on-year sales increase for electric vehicles. Other barriers to ev adoption in 2019 noted in the outlook are falling battery costs and technological improvements. This may seem counterintuitive, but with many automakers promising new electric vehicle models either this year or in 2021, the iea believes that companies and individuals alike are waiting Country email list For the “latest and greatest” technologies. Looking ahead to 2020, the outlook notes that the global contraction in the broader light vehicle market, first felt in 2019, will likely be amplified in 2020, due to the financial and logistical challenges posed by the covid-19 pandemic. Globally, car sales fell 30% year-on-year in the first quarter. The iea predicts that electric vehicles will ultimately fare best in this challenging context and will account for 3% of global vehicle sales this year, up from just over 2.6% in 2019. The fact that european nations , as well as china have national and local subsidy schemes that were extended in the early to mid-2020s will boost the ev market, while economic stimulus packages will likely provide further support, the iea says. The outlook summary concludes: there are signs that recovery measures to address the covid-19 crisis will continue to focus on vehicle efficiency in general and electrification in particular.
Green recovery the publication of ev outlook comes less than a week after the iea released its special report on a sustainable recovery from the pandemic. This report presents a series of 30 policy mechanisms that should be implemented over the next three years if the “core issues of the global recession” are to be addressed in a way that also stimulates significant progress towards key goals on issues such as climate change. It should serve as a guide for policymakers, rather than a one-size-fits-all solution or the only possible path to a green and fair recovery, the iea said. In the “transport” section of the special report, the iea recommends that consumer incentives to replace old, polluting vehicles contain strict requirements around which new models can be targeted to spur progress towards climate goals. And incentivize automakers to make technological improvements. Meanwhile, commercial vehicles such as trucks should receive decarbonization support in the form of tax breaks.
The special report states: in addition to job retention, these incentive schemes can improve energy security by reducing oil consumption and, if properly designed, can reduce air pollution and greenhouse gas emissions. Rising demand for electric vehicles, including fuel cell vehicles, would incentivize automakers to shift toward lower emissions models and seek cost reductions in battery and fuel cell manufacturing – it could also create jobs. In new national industries such as battery production. The iea states that if the measures presented in the special report are followed by enough major economies and supported with $1 trillion of investment through 2024, gdp will be 3.5% higher than in a "Business as usual" scenario. On a national level, a report backed by the uk government and published earlier this week, concluded that the electric vehicle sector could provide a £24 billion boost to the uk economy through 2025, provided it receives the adequate support to increase production. Boris johnson is reportedly positioning projects to extend electric vehicle charging networks as a key short-term measure to create jobs and spur decarbonisation.