Abstract:

The IEA Announced Pledges Scenario estimates that increasing electric vehicles stock from 17 million units today to 808 million units by 2040 can contribute to reducing transport emissions by 36%. The benefits of transport decarbonisation are bolstered by the decarbonisation of power systems, which poses an opportunity for emerging and developing economies with ambitious variable renewable energy deployment targets. The diversity of transport modes undergoing electrification, from public transport to personal electric vehicles and two and three-wheelers along with the location of charging infrastructure at the distribution network level will require smart strategies to ensure a smooth and secure integration.