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Global Electricity Demand For EVs To Skyrocket 630% By 2030

14 Jun 2024 | Abstracted from Finbold

"...global electricity demand stemming from the usage of electric cars skyrocketed by 3,630.77% from 2,600 gigawatt hours (GWh) annually in 2013 to 97,000 GWh in 2023...projections based on the Stated Policies Scenario (STEPS )...Indicate that global electricity demand stemming from EV adoption will rise another 631.96% by 2030, reaching 710,000 GWh...oil displacement due to the adoption of EVs at 255 million barrels in 2023 and projects it at 2.847 billion in 2030."

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