Despite global efforts to transition to renewable energy sources, coal continues to play a significant role in meeting electricity demand. This article explores the reasons behind coal’s persistence, the challenges of a rapid phaseout, and emerging solutions like two-shift operations that could pave the way for a smoother transition.
Global electric vehicle (EV) sales are expected to reach 17 million this year, with China continuing to dominate the market, according to the International Energy Agency (IEA). The IEA projects that by 2030, one in three cars sold in China will be electric, while one in five will be electric in Europe and the United States. This growth is driven by advancements in battery manufacturing technology and government incentives. However, challenges remain, including lower profit margins for automakers and the instability of raw material prices for batteries.
The International Energy Agency (IEA) has released its annual Global EV Outlook 2024, which projects continued strong growth in the electric vehicle market. Global electric car sales are expected to reach 17 million in 2024, driven by strong demand in China, the United States, and Europe. The IEA believes that the EV revolution is entering a new phase of growth and that EVs will play a crucial role in reducing global oil demand.
