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Electrified Transport Investment Soared Globally in '23, Passing Renewable Energy

31 Jan 2024 | Abstracted from Inside Climate News

"...because of the long lives of vehicles, investment decisions today will take a while to translate into emissions reductions.

"Global investment in the energy transition totaled $1.77 trillion in 2023, an increase of 17 percent from the prior year, according to the report. Electrified transport spending was $634 billion, an increase of 36 percent...The United States was second with an investment of $303 billion, up 22 percent from the prior year."



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