IEA Recommends 20 Million Electric Cars By 2020 To Help Save The Planet

The 2DS of the IEA ETP 2016 sets a deployment target for electric cars exceeding the goal of the Paris Declaration: 140 million (10% of the total stock of passenger light-duty vehicles [PLDVs]) by 2030, and nearly 900 million (40% of the PLDV stock) by 2050. This translates to sales targets close to 20% by 2030 and 40% by 2040, with accelerated deployment in member economies of the Organisation for Economic Co-operation and Development (OECD) and rapidly developing emerging economies (IEA, 2016a, 2016b),” says the IEA report. “Meeting the 2030 target of the IEA 2DS implies that the global stock of electric cars should maintain annual growth rates above 25% by 2025 and in the range of 7% to 10% between 2030 and 2050. Meeting the targets of the Paris Declaration requires stock growth rates a factor 0.1 lower than those needed for the IEA 2DS until 2030.”