Global investment in clean energy is on course to rise to USD 1.7 trillion in 2023
Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to the IEA World Energy Investment 2023 report. Annual clean energy investment is expected to rise by 24% between 2021 and 2023, driven by renewables and electric vehicles, compared with a 15% rise in fossil fuel investment over the same period. But more than 90% of this increase comes from advanced economies and China, presenting a serious risk of new dividing lines in global energy if clean energy transitions don’t pick up elsewhere.
Combining historical analysis with projections to 2030, the Global EV Outlook examines key areas of interest such as electric vehicle and charging infrastructure deployment, energy use, CO2 emissions, battery demand and related policy developments. The report includes policy recommendations that incorporate lessons learned from leading markets to inform policy makers and stakeholders with regard to policy frameworks and market systems for electric vehicle adoption. With this new report's data explorer, browse historical and projected data on electric vehicles sales, stock, charging infrastructure and oil displacement.
