More Positive EV News From Energy Agency, But Emissions Outlook Bleak via insideevs.com
. While the report had grim news to share regarding the overall switch from fossil fuels to renewables, it also predicted the EV industry to have a record year in 2022 — offering one piece of good news, at the very least.
The report’s overall goal is to track progress on reaching net zero carbon emissions by 2050, and the results are gloomy, to be sure. Major changes are needed in several industries — oil and gas, low-emission fuel, the transportation industry, the industrial economy and commercial buildings are all “not on track” to meet the 2050 deadline. In a slight improvement, the electricity generation sector has scored a “more efforts needed.
Still, the report sees EVs selling record numbers around the world which could be viewed as a positive note by investors and others looking for ways to reduce their own personal footprints.
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