Projected electricity generation worldwide 2015-2050
Electrification and decarbonizationThe growth in worldwide power generation will largely be driven by decarbonization efforts, including the electrification of the transportation and building sectors. For example, all vehicle types in the global urban fleet will become increasingly electrified by 2030. By 2050, electric vehicles are projected to command more than 80 percent of the worldwide car market.
In the building sector, efforts to decarbonize heating systems also rely on electricity. Annual sales of electric heat pumps are forecast to skyrocket in the coming years.