The second report of the X-change series was produced by RMI in partnership with the Bezos Earth Fund and is a contribution to Systems Change Lab. These reports analyze the exponential growth of renewable energy technologies, demonstrating why and how major areas of the global energy system are achieving faster change than many realize.
In X-change: Cars, RMI shows that the rapid growth of electric vehicles (EVs) means that global oil demand for cars has already peaked and will be in freefall by 2030. The end of the internal combustible engine (ICE) age has begun.
There is a clear exponential growth pattern for EVs, as rising sales track along an S-curve. Led by Northern Europe and China, and driven by policy, it is taking around six years for EVs to go from 1% to 10% of new car sales. The…
Read the full article originally published at cleantechnica.com.