02/08/2026
2 things in renewable energy are going on. They are often confused.
1. Electrification
2. Source of electricity.
Electrification reduces energy required. Eg. g., an EV is 4 times more efficient than an ICE (85% vs 18%). A heat pump is 3x more efficient than gas (90% vs 300%).
At the same time, electricity demand is rising. Renewable energy has picked up the additional demand. The source of electricity currently is about 50% dirty but every year is getting cleaner.
We will use double the amount of electricity, half the amount of energy. Work that out. For EVs, the IEA have updated their projection for EVs in 2026. Again. Transport is 20% of emissions. The rise of EVs will increase electricity use (dirty or clean), but it will reduce oil demand. Those 20 million new EVs will reduce oil by 1 to 1.7 mbpd. 1% of total oil. Next year 2%.