A new report from the International Council on Clean Transportation (ICCT) finds that electric vehicles (EVs) are accelerating the decline of transportation emissions, potentially reaching a peak as early as 2025 and then plummeting. This turnaround is attributed to ambitious decarbonization policies and the rapid growth in EV sales, particularly in major markets like the US, EU, and China. While significant progress has been made, the ICCT warns that current commitments still fall short of limiting warming to well below 2°C. The report also highlights the economic benefits of the EV transition, with the global EV market projected to be worth trillions of dollars.
Transportation sector emissions have accelerated the climate crisis – automobiles are the second-largest source of greenhouse gases and have nearly doubled since 1990 – but they may soon be thrown in reverse thanks to electric vehicles.and liquid fuel consumption may peak at around 9 gigatonnes as soon as 2025 and then begin falling, plummeting to 7.1 Gt in 2050.
This analysis tracks BNEF’s 2024 Electric Vehicle outlook, released in June 2024, which forecast global road transportation emissions would peak in 2029 under all current policies and trends. BNEF’s assessment may forecast a later peak but it also forecasts a deeper decline, falling to 6.27 Gt in 2035.
in 2025, which would pass the long-sought threshold where EVs become as cheap as a gas-powered car. Global average battery prices fell 20% to $115 per kWh in 2024 as production capacity increased, low-cost battery technologies started coming online, and low lithium costs pushed down overall battery prices.
ELECTRIC VEHICLES CLIMATE CHANGE TRANSPORTATION EMISSIONS DECARBONIZATION PARIS AGREEMENT
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oshkosh Unveils Electric Vehicles for Neighborhoods, Airports, and MoreOshkosh, a 108-year-old American company known for military vehicles, debuted at CES to announce a range of new commercial electric vehicles. This includes plug-in fire engines, garbage trucks, and AI-powered technology aimed at enhancing safety and convenience. The company highlighted its plan to deliver 165,000 electric vehicles to the USPS, alongside new electric and autonomous vehicles for airports, including a robot cargo handler. The 'neighborhood' EVs, such as the McNeilus Volterra ZFL, an electric garbage truck with AI-powered bin detection, are set to be among the most visible and impactful.
Read more »
Cold weather could lead to decreased driving range in electric vehiclesIf you drive an electric car, you may notice a difference in its performance this week. ABC13 explains how.
Read more »
Honda Unveils Sleek New Electric Vehicles for 2026 ProductionHonda Motor has revealed two new electric vehicles, the Honda 0 Saloon and the Honda 0 SUV, slated for production at a new Ohio manufacturing complex. The prototypes, featuring futuristic designs, are expected to launch in North America in 2026, with the SUV coming first. Honda is developing the vehicles with a focus on 'thin, light, and wise' principles and incorporating community feedback. The company also announced a new operating system, 'Asimo OS,' which will offer advanced automated driving technologies.
Read more »
BMW Unveils Panoramic iDrive: A Next-Gen Infotainment System for Electric VehiclesBMW is set to revolutionize its in-car experience with the launch of 'Panoramic iDrive', a cutting-edge infotainment system featuring a touchscreen, projection, and a steering wheel integrated with controls. The system will debut in BMW's upcoming electric car, incorporating a rhombus-shaped touchscreen, a head-up display projecting information onto the windshield, and a redesigned steering wheel with haptic feedback and context-sensitive buttons. The new operating system promises future upgradability and seamless integration with third-party apps.
Read more »
Honda Unveils Sleek New Electric Vehicles at CESHonda Motor showcased its latest electric vehicles, the Honda 0 Saloon and the Honda 0 SUV, at the CES tech conference. Both prototypes are slated for production in a new Ohio manufacturing plant in 2026. The automaker also announced a new operating system, 'Asimo OS', that will offer advanced driving features.
Read more »
Honda Unveils Futuristic Electric Vehicles for 2026 ProductionHonda Motor revealed the Honda 0 Saloon and Honda 0 SUV, electric vehicles set to be produced at a new Ohio manufacturing complex. The prototypes, featuring sleek designs, are expected to launch in North America in 2026, starting with the SUV. Honda also announced the Asimo OS, a new vehicle operating system offering advanced driving technologies.
Read more »