Clean energy will transform the global energy system by 2030, and solar and EVs are providing “hope for the way forward,” according to the IEA’s new “World Energy Outlook 2023,” released today.
The International Energy Agency (IEA) describes a global energy system in 2030 that includes almost 10 times as many EVs on the road worldwide compared to 2023. In 2020, the authors note, 1 in 25 cars sold was electric – and in 2023, it’s now 1 in 5. So in light of that, it’s not hard to imagine how EV adoption momentum is going to propel forward so dramatically for the rest of the decade.
In 2030, the IEA is now projecting that solar is going to generate more electricity than the entire US power system does currently. It expects renewables’ share of the global electricity mix to reach nearly 50%, up from around 30% today. It sees three times as much investment going into new offshore wind projects than into new coal- and gas-fired power plants. And it expects heat pumps and other electric heating systems to outsell fossil fuel boilers globally.
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