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itemprop="name">Features</span> </span> <meta itemprop="position" content="3" /> </span> <span class="easy-breadcrumb_segment-separator"> » </span> <span itemprop="itemListElement" itemscope itemtype="http://schema.org/ListItem"> <span itemscope itemprop="item" itemtype="http://schema.org/Thing" itemid="#4"> <span class="easy-breadcrumb_segment easy-breadcrumb_segment-title" itemprop="name">EVs will push up global electricity demand by 630% by 2030</span> </span> <meta itemprop="position" content="4" /> </span> </div> </div> </div> </div> </div> </header> </div> <div id="page"> <div id="main"> <div id="left-content"> <div id="content" class="column" role="main"> <a id="main-content"></a> <article class="node-780006 node node-features node-promoted view-mode-full view-mode-full clearfix" about="/en/technology-and-innovation/global/features/evs-will-push-global-electricity-demand-630-2030" typeof="sioc:Item foaf:Document" data-uid="50" data-contentGroup1="auteur-Frank-Jacobs"> <header> <span property="dc:title" content="EVs will push up global electricity demand by 630% by 2030" class="rdf-meta element-hidden"></span> </header> <div class="required-fields group-image field-group-html-element"><div class="field field-name-field-image field-type-image field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><div style="background-image: url("https://www.globalfleet.com/sites/default/files/styles/headlines_width_850/public/field/image/screenshot_2024-06-20_at_12.45.43.png?itok=6WyFeMKG");" class="single-image-background"></div></div> </div><div class="field-ct field-ct-transliterated field-ct-features">Features</div><div class="addthis-wrapper"> <div class="addthis_inline_share_toolbox" data-url="" data-title="EVs will push up global electricity demand by 630% by 2030" data-description="The rapid increase in EV adoption worldwide – but especially in China, Europe, and the U.S. – will push up global electricity demand by 630% by 2030, predicts research by Finbold, based on data from..." data-media="https://www.globalfleet.com/sites/default/files/field/image/screenshot_2024-06-20_at_12.45.43.png"> </div> <div class="label-share"> <span>Share</span> </div> </div> </div><div class="required-fields group-content field-group-html-element"><div class="field field-name-field-published-date field-type-datetime field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><span class="date-display-single" property="dc:date" datatype="xsd:dateTime" content="2024-06-20T12:45:00+02:00">20 Jun 24</span></div> </div><div class="field field-name-title-field field-type-text field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><h1>EVs will push up global electricity demand by 630% by 2030</h1> </div> </div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-hidden multiple "> <div class="field-item even field-item-first field-item-0"><a href="/en/tags/electricity" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Electricity</a></div> <div class="field-item odd field-item-last field-item-1"><a href="/en/tags/evs" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">EVs</a></div> </div><div class="field field-name-body field-type-text-with-summary field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0" property="content:encoded"> <p><span><span><span><b>The rapid increase in <a href="https://www.globalfleet.com/en/tags/ev">EV</a> adoption worldwide – but especially in China, Europe, and the U.S. – will push up global electricity demand by 630% by 2030, predicts research by Finbold, based on data from the International Energy Agency (IEA). </b></span></span></span></p> <p><span><span><span>That data shows that global electricity demand from EVs increased by 3,631% over the last decade, from 2,600 gigawatt hours (GWh) in 2013 to 97,000 GWh in 2023. </span></span></span></p> <p><span><span><span><b>Turning point</b></span></span></span></p> <p><span><span><span>Last year was a turning point: 2023 marked an acceleration in global energy demand from EVs by more than 120% in a single year.</span></span></span></p> <ul> <li><span><span><span>The largest increase in absolute terms took place in Europe, where demand increased from 11,000 GWh to 29,000 GWh in a single year.</span></span></span></li> <li><span><span><span>The largest increase in relative terms was in the U.S., where demand increased by 206% (to 22,000 GWh).</span></span></span></li> <li><span><span><span><a href="https://www.globalfleet.com/en/tags/china">China</a> remains in the lead, with energy demand for EVs having increased from 470 GWh in 2013 to 38,000 GWh in 2023. </span></span></span></li> </ul> <p><span><span><span><b>710,000 GWh</b></span></span></span></p> <p><span><span><span>The trend is expected to accelerate further. Projections based on the Stated Policies Scenario (STEPS) indicate that global electricity demand from EVs will rise by more than 630% by 2030, when it will reach 710,000 GWh.</span></span></span></p> <ul> <li><span><span><span>In that year, China is expected to account for 32% of the global EV electricity demand, or 230,000 GWh. </span></span></span></li> <li><span><span><span>The U.S., which led in 2013 with 560 GWh, fell behind in recent years and even experienced negative growth in 2020, but is expected to catch up by 2030, when it will achieve parity with China (230,000 GWh, about a third of global demand).</span></span></span></li> </ul> <p><span><span><span><b>Demand per capita</b></span></span></span></p> <p><span><span><span>Interesting to note is the very different picture that emerges between the three major EV markets when we look at to energy demand per capita, which says something about EV penetration related to market size. In that ranking, China comes in last (26.95 kWh per inhabitant in 2023) and the U.S. is in the lead (64.7 kWh), with Europe firmly in the middle (43.42 kWh).</span></span></span></p> <p><span><span><span>Another way to slice the effect of EV adoption is to see how it reduces the need for oil. Taking the rather crude (pun intended) comparison of one barrel of oil for 1,700 kWh, current EV electricity demand equals around 57 million barrels per year. Given the projected increase, that volume will increase to 420 million barrels by 2030, Finbold says. The IEA figures are even higher, calculating that oil displacement by EVs represented 255 million barrels in 2023, and will be nearly 2.85 billion barrels by 2030.</span></span></span></p> <p><span><span><span><b>Lithium extraction</b></span></span></span></p> <p><span><span><span>To put that in perspective: the world burned through an estimated 37 billion barrels in 2023, of which 11 billion were for road transport.</span></span></span></p> <p><span><span><span>As those figures suggest, “EVs alone do not provide a complete and comprehensive solution”, says Andreja Stojanovic, the study’s co-author. Moreover, “a significant portion of the electricity used to power EVs is still produced from fossil fuels, and the extraction of <a href="https://www.globalfleet.com/en/tags/lithium-ion-battery">lithium</a> remains a highly contentious issue.”</span></span></span></p> <p><span><span><span>That being said, EV adoption is a significant contributor to the transition to a green energy sector – if not the only one. </span></span></span></p> <p><span><span><span><a href="https://www.rawpixel.com/image/6042882/photo-image-public-domain-white-free">Image</a><i>: Rawpixel, public domain</i></span></span></span></p> </div> </div> <div class="author">Authored by: <b>Frank Jacobs</b></div><div class="field-regions-with-themes field-name-field-channels"><div class="field-item"><a href="/en/themes/technology-and-innovation">Technology and Innovation</a></div><div class="field-item"><a href="/en/regions/global">Global</a></div><div class="field-item"><a 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