A smooth and equitable transition to a low-carbon global economy is an essential component in the mitigation of anthropogenic climate change. But migration away from a long-entrenched fossil energy system has its challenges. Adequate and consistent carbon emission reduction policy plays an important role. In the passenger vehicle sector, how will this process be affected by oil demand and EV adoption trends?
A new report by Marianne Kah, from the Columbia University Center on Global Energy Policy, examines a number of EV penetration forecasts and summarizes the 2019 trends and their changes since 2018. The report focuses on passenger vehicles, which account for about 23 percent of oil demand. While other segments of the transportation sector—trucks, and aviation and shipping—account for about 29 percent of the oil demand, electrifying cars may be easier, according to the author.