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Global EV Outlook 2026 Outlook for electric mobility
Vehicle outlook by mode By 2035, the fleet of EVs across all vehicle types except two/three-wheelers (2/3Ws) exceeds 450 million globally in the Current Policies Scenario (CPS) – more than five times as many EVs as there were at the end of 2025. CO2 and fuel economy standards, especially for new light-duty vehicles (LDVs), are the main driver of rising EV sales outside of the People’s Republic of China (hereafter, “China”). In China and a few other emerging markets, the competitive economics of EVs already support continued adoption in the CPS. Elsewhere, however, EV sales stall, particularly…
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Global Energy Review 2026 Technology: Solar PV and wind
In 2025, global annual renewable capacity additions increased by 16%, reaching 800 GW despite challenges linked to supply chain strains, grid connection delays, financial pressures and policy shifts. This marked the 23rd consecutive year that renewables set new expansion records. Solar PV accounted for more than three-quarters of new renewable capacity additions worldwide, followed by wind (20%). The remaining share was made up by hydropower, bioenergy, geothermal, concentrating solar power and marine energy. Solar PV capacity additions in 2025 rose by around 12%, surpassing 600 GW for the first time. This expansion brought cumulative solar PV capacity to around…
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Renewables 2025 Executive summary
Renewables’ global growth, driven by solar PV, remains strong amid rising headwinds Global renewable power capacity is expected to double between now and 2030, increasing by 4 600 gigawatts (GW). This is roughly the equivalent of adding China, the European Union and Japan’s power generation capacity combined to the global energy mix. Solar PV accounts for almost 80% of the global increase, followed by wind, hydropower, bioenergy and geothermal. In more than 80% of countries worldwide, renewable power capacity is set to grow faster between 2025 and 2030 than it did over the previous five-year period. However, challenges including…
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Global Energy Review 2025 Key findings
Global energy demand grew by 2.2% in 2024 – faster than the average rate over the past decade. Demand for all fuels and technologies expanded in 2024. The increase was led by the power sector as electricity demand surged by 4.3%, well above the 3.2% growth in global GDP, driven by record temperatures, electrification and digitalisation. Renewables accounted for the largest share of the growth in global energy supply (38%), followed by natural gas (28%), coal (15%), oil (11%) and nuclear (8%).Emerging and developing economies accounted for over 80% of global energy demand growth. In China, growth…
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- Global trends
- Oil
- Natural gas
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Energy Technology Perspectives 2026 Energy technology manufacturing and trade
Recent trends Global investment in manufacturing capacity for six clean energy technologies – solar photovoltaic (PV), wind, batteries, electric vehicles (EVs), electrolysers and heat pumps – dropped below USD 200 billion in 2024, down from nearly USD 220 billion in 2023. This downwards trend is estimated to have continued in 2025, mainly due to weaker solar PV and wind manufacturing investment in China. The United States and the European Union are estimated to have accounted for around 30% of global manufacturing investment combined in 2025, up from 15% in 2023, marginally increasing global supply chain diversification. After dipping in 2024, global trade in clean energy technologies recovered in…
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Germany 2025 Executive summary
…transition towards renewables, low-emissions hydrogen, heat pumps and electric vehicles (EVs). While the world has been buffeted by geopolitical and geoeconomic challenges in recent years, Germany has worked hard to accelerate its clean energy transition. This report seeks to provide Germany with timely advice on how it can progress towards its energy and climate goals, including in three key focus areas: 1) optimising electricity system operation; 2) decarbonising heating in buildings; and 3) expanding the role of hydrogen in the energy system. It emphasises the need for long-term policy stability, targeted demand creation, infrastructure development, integrated planning and…
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World Energy Outlook 2022 Outlook for energy demand
…ending the decade with demand 9% lower than today. Renewables, notably solar PV and wind, gain the most ground of any energy source this decade, accounting for 43% of electricity generation worldwide in 2030, up from 28% today. Oil demand rises 0.8% per year to 2030, but peaks soon after at around 103 million barrels per day as electric vehicles (EVs) and efficiency gains undermine its prospects.The tone for accelerated clean energy development this decade in advanced economies is being set by new policy packages and government plans and targets, notably those set out in: Inflation Reduction Act (United…
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Portugal 2026 Executive summary
…need. At the same time, electrification, digitalisation and expanded buildings' renovations will require new skills and workforce redeployment. A people-centred approach is essential to ensure that affordability, access, consumer protection and workforce capacity are integrated into energy transition policies. Public support should be targeted to where it delivers the greatest benefit and drives broad participation in the energy transition.With clear progress on decarbonising electricity supply, the next phase of Portugal’s energy transition must focus on the electrification of transport, buildings and industry, which together account for most energy-related GHG emissions (82% in 2024). Electrification is expect...
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Renewables for Industry Executive summary
…largest increases. Despite differing industrial structures, all major economies have converged toward similar electricity shares for industrial heat of around 4–5%. Increased uptake is being driven by improving cost competitiveness, expanding technology availability and stronger policy signals, alongside the benefits of reducing exposure to volatile fossil fuel prices.Renewables are rapidly transforming power systems around the world, leading to a higher share of renewables in the industrial mix via heat electrification. This linkage between industrial electricity demand and growing renewable generation is becoming an important driver of decarbonisation across industrial sectors. It contributes to greater system flexibility, strengthens energy…
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Energy Efficiency 2024 Executive summary
A year on from the historic agreement to double global energy efficiency progress, the world is not yet on track to achieve it At the COP28 summit at the end of 2023, nearly 200 countries reached a landmark agreement to work together to collectively double the global average annual rate of energy efficiency improvements by 2030. This was the strongest recognition yet by governments of energy efficiency’s central role in clean energy transitions, providing an important focal point for greater national ambition and accelerated action. A year on from this historic agreement, however, this has yet to translate into faster…
