New E-mobility report distributed at G20 Energy Ministers' meeting

 

The World Energy Council recently launched a new report on E-mobility which was distributed before Ministers during the G20 Energy Ministers' meeting in Beijing  with the support of Berat Albyarak, Minister of Energy and Natural Resources of Turkey.

The World Energy Perspective 2016: ‘E-mobility: closing the emissions gap’, published by the Council in collaboration with Accenture Strategy, examines the growth in sales of electric vehicles (EVs) as the latest technologies to increase average fuel efficiency and meet these stringent economy standards, set in all three markets, referred to as the “EV gap”.

In the EU, the EV gap is 1.4 million, 10% of the estimated 2020 projected passenger sales, in the US, 0.9 million (11%) and in China roughly 5.3 million, 22% of the projected passenger car sales.

 

Christoph Frei, Secretary General of the World Energy Council, said: “Over the past decade, we have seen the emergence of climate change and fuel price volatility as headline issues that keeps energy leaders awake at night. As a result, many countries have set ambitious fuel efficiency targets for passenger vehicles.”

The research shows electric vehicles (EVs) will need to increase their combined market share to 16% by 2020 to achieve the aggressive fuel economy standards set by regulators.

While EVs currently represent less than 1% combined market share across the world’s largest markets for new passenger cars, they should be considered central to any policy and technology portfolio designed to lower transport emissions.

The report highlights key findings which represent a new frontier and a significant opportunity for the energy sector which will be fully embraced at this year’s World Energy Congress in Istanbul, where global energy leaders will address these and similar challenges.

 

Murat Mercan, Chair of the 23rd World Energy Congress Organising Committee, said:

 

Energy Officials from 27 countries and international organisations gathered in Beijing with the common goal to push forward global energy sustainable development.

The meeting was themed ‘Shaping a Low-carbon, Smart and Sharing Energy’ and was one of the specialised ministerial meetings held before the 2016 G20 Hangzhou Summit in September. Participants had in-depth discussion and reached broad consensus on topics including opportunities and challenges on global energy development, energy technology innovation, demand and current policy on energy access.