Club Cobra - View Single Post

cycleguy55 · #2 (**permalink**) 03-01-2019, 10:12 AM

From the recent Global Energy Perspective 2019 by McKinsey & Company:

Global primary energy demand plateaus around 2030 after more than a century of rapid growth, primarily driven by the penetration of renewable sources in the energy mix.
Wind and solar accounted for more than half of new power generation capacity additions in recent years. Renewables will continue to penetrate the global energy mix with solar and wind generation expected to increase by a factor of 60 and 13, respectively, from 2015 to 2050.
Despite a growing population with rising incomes, declines in energy intensity driven by a switch to service industries offset increasing energy demand.
Electric vehicle sales are expected to exceed 100 million by 2035, causing oil demand in road transport to decline
By 2050, there could be more than 2 billion electric vehicles on the road across all segments
The number of electric passenger car sales is expected to grow by more than a factor of 60 from 2018 to 2050
Gas continues to grow until 2035, when it plateaus and then declines. Meanwhile, oil and coal demand growth is expected to slow down, with oil peaking in the early 2030s.