Clean energy economy to witness electric cars to rise by 10 times

TechnologyClean energy economy to witness electric cars to rise by 10 times


You may find some buzz in the electric vehicle industry, all thanks to its adoption in several countries all over the world. Now a new report says that the number of electric cars in the world will rise by roughly 10 times by 2030. Thanks to the new clean-energy economy, said the International Energy Agency (IEA) in its recent report.

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The allocation of renewables in the global electricity mix would reach almost 50 percent by 2030 from the present 30 percent, said the IEA in its World Energy Outlook (WEO) report. This will ensure to increase its investment in the latest offshore wind projects which would go up three times than in new coal- and gas-fired power plants.

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Renewables are estimated to reach up to 80 percent of new power generation capacity by 2030 under the present policy settings, with solar alone computing for more than half of this growth, according to the IEA report.

India has been leading ahead in terms of pushing for solar energy and along with France it established the International Solar Alliance in 2015 with 121 member nations. However, the report mentioned that the rise depends on the present policy settings of governments all over the world. Thus, more effective measures have to be taken to keep the objective of restricting global warming to 1.5 °C.

Clean energy technologies and structural economic changes all over the world are the reasons behind the rises in global demand for coal, oil, and natural gas in this present decade, says the IEA report.

“In this scenario, the share of fossil fuels in global energy supply, which has been stuck for decades at around 80%, declines to 73% by 2030, with global energy-related carbon dioxide (CO2) emissions peaking by 2025,” the report said.

So, if you are fond of knowing what is really happening in the electric vehicle industry, then here is a piece of good news for you. You will be amazed to note that there are several top companies in the world who are trying to launch their electric vehicles in India soon. 

Also, the recent relaxations in the government rules will allow more advanced technologies to enter in India and allow the existing Indian automobile industry to transition to the latest requirements in bringing forth the electric cars and two-wheelers.

At present, companies like Tata, Volvo, and Audi are leading the industry with their electric cars which range in cost anywhere between 61 lakhs to 1.39 crore at the maximum well. For example, Mercedes-Benz EQE SUV (5 Seater) comes at a cost of Rs. 1.39 Crore. Tata Nexon EV (5 Seater) price ranges between Rs 14.74 – 19.94 Lakhs, Volvo C40 Recharge (5 Seater) comes at a cost of Rs. 61.25 Lakh, and Audi Q8 e-tron (5 Seater) comes at a price ranging between Rs 1.14 – 1.26 Crore.

Electric cars are of four types such as battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, and fuel-cell electric vehicles.

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