India overtook China as the biggest 3W EV market in 2023: IEA
IEA Outlook, published today, finds that global electric car sales are set to remain robust in 2024, reaching around 17 mn by 2024-end
international energy agency
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India to account for 30% of global oil demand growth until 2030
India is on track to post an increase of 1.2 mb/d, accounting for more than one-third of the projected 3.2 mb/d global gains, to reach 6.6 mb/d by 2030, according to IEA
India’s natural gas demand to surge by 6% in 2024: IEA
India saw 7% YoY decline in natural gas demand in 2022, though primary gas supply rose 5% YoY in 2023
The Great India Power Challenge
CEA data shows why India will remain substantially dependent on fossil fuels to meet energy needs.
India needs to invest $19-33 bn annually for EV charging Infra: IEA
The sale of electric vehicles in India is projected to reach nearly 35% of total vehicle sales in 2030.
India, China account for 80% of Russian crude oil exports in May: IEA
India has increased purchases from almost nothing to close to 2 million barrels per day, while China has raised liftings by 500 kb/d to 2.2 mb/d, IEA says
Battery raw material shortages can derail EV sales and carbon offset plans
EV projections show demand for these materials ranging from two to 12 times the current levels by 2030, depending on the mineral, with the largest growth rate for lithium.
IAEA alarm over world’s dependence on China for 80% of solar PV
China has invested over $50 billion in new PV supply capacity – ten times more than Europe − and created more than 3,00,000 manufacturing jobs across the solar PV value chain since 2011.
50% of 2022 global energy investment is geo-political cost: IEA
Almost half of the additional $200 billion in capital investment in 2022 is likely to be eaten up by higher costs, rather than bringing additional energy supply capacity or savings, says IEA
Russia-Ukraine war: Global crude market to lose three million barrels per day from Russia
Russia is the world's largest oil exporter, shipping 8 million barrels per day of crude and refined oil products to customers across the globe.
