Here is the latest news from the world about electric vehicles.
As the world moves towards the end of the fossil fuel era, the use of EVs, or electric vehicles, is becoming popular worldwide, Reuters reports.
Foreign reports indicate that this is due to many countries around the world currently facing climate change, leading to increased focus on reducing fossil fuel use.
This was discussed at the recent COP28 summit in Dubai.
However, the International Energy Agency, based in France, predicts that global fuel consumption will reach its peak by the end of this decade.
It is said to be 103 million barrels of fuel daily.
Transportation accounts for 60 percent of the world's fuel demand.
In the US, fuel demand for transportation is 10 percent of the total fuel demand.
However, the International Energy Agency expects this demand to fall in the future.
Foreign reports indicate that they expect a daily decrease of 5 million barrels of oil by 2030.
This is due to the gradually increasing demand for electric vehicles.
Currently, the demand for electric vehicles accounts for 30 percent of the world's vehicle demand.
The International Energy Agency expects this to rise to between 40 and 45 percent by the end of this decade.
The 2015 Paris Agreement aims to keep global warming within 1.5 degrees Celsius.
However, according to the Paris Agreement, the International Energy Agency expects that the demand for electric vehicles must further increase by 2030 to achieve the goal of limiting global temperature.
The demand for electric vehicles depends on their price and the number of charging stations.
China is considered a country proficient in both these factors.
The average price of an electric vehicle in China is $33,964.
In the US, the price of an electric vehicle exceeds $53,000.
Furthermore, while the number of charging stations in the US is only about 52,000, China has over a million charging stations.
Accordingly, China is expected to take the lead in the global electric vehicle market in the future.
(Source: Ada Derana)
