EV Sector on Track to Meet 2030 Climate Targets
On November 14th, a report was published that stated that the EV sector is on track to meet climate targets by 2030. Other industries such as power, buildings, and agriculture do not indicate any signs of reducing greenhouse-gas emissions enough to meet the 2030 targets. Unfortunately, the Biden administration has stated that extreme weather in the US is becoming more frequent and costly. Greater efforts must be made to prevent further climate change.
Last year, EVs made up 10% of new car sales, mainly in China, the European Union, and the US. To meet 2030 targets, this number will need to be at least 75% by the end of the decade. An automotive company called ‘Kelley Blue Book’ stated that US customers bought nearly 50% more EVs by the end of September 2023 compared to the end of September 2022. A similar trend is occurring in both China and the EU.
The increase in EV adoption is due to several reasons. Batteries are more affordable, lighter, and have longer ranges. Furthermore, some countries such as the US and China have made subsidies such as tax breaks and parking discounts for EV buyers. Canada, Chile, and the EU plan to ban the sale of gas-powered cars in 2035.
Although the state of global temperatures may seem grim, there are signs indicating that renewable energy is heading in the right direction. The number of EVs sold is increasing and electric heat pumps are quickly replacing fossil fuel-powered appliances in Europe. Rural homeowners, tiny homeowners, and cottage owners can reduce their carbon footprint by adopting the Anorra Turbines and Towers to power their homes with clean renewable energy.