business

EVs power up, oil demand growth slows: 2024’s rapid global energy shift – IEA - Electrek.co

EV sales surged by over 25% in 2024, now making up 1 in every 5 cars sold globally, and this impacted oil demand, which grew at just 0.8%.

By:Michelle Lewis
Source:Electrek
Published:
EVs power up, oil demand growth slows: 2024’s rapid global energy shift – IEA - Electrek.co
Global energy demand spiked in 2024, driven largely by surging electricity use, according to a new report released today by the International Energy Agency (IEA). Electricity consumption jumped by ne… [+3814 chars]

Related News