In 2015, the number of electric cars on the road globally passed the one million threshold for the first time.
Global Electric Car Stock: PHEV stands for plug-in hybrid vehicles, and BEV stands for battery electric vehicles (Image:: IEA)
The rapid growth of the industry means that it is now the only technology sector on track to meet the International Energy Agency’s (IEA) 2C scenario.
This is the conclusion of the IEA’s Energy Technology Perspectives 2016 report, which it released on Wednesday. This is the latest edition of their annual progress review of the technologies that will determine the rate of global emissions, including renewables, nuclear, CCS and coal.
Last year’s report, covered by Carbon Brief, painted a bleak picture. It deemed that none of the 19 technologies it tracks had made the necessary progress to limit global temperature rise to below 2C. It said that five technologies were off track, while the remaining 14 were failing to improve fast enough.
One year on, its assessment is equally bleak. The number of technologies off track has risen to six, while 11 are failing to improve fast enough. Only electric vehicles have made to jump towards actually being on track to meet the 2C goal modelled by the IEA.
Read more: Carbon Brief