Wood Mackenzie: EVs could account for 21% of global car fleet by 2035 under carbon-constrained scenario

By mmillikin New analysis by energy, metals and mining consultancy Wood Mackenzie, in collaboration with GTM Research, a Wood Mackenzie company focused on researching decarbonization and the decentralization of energy, suggests that electric vehicles could account for 21% of the global car stock by 2035 under a carbon-constrained scenario.

Wood Mackenzie’s carbon-constrained scenario focuses on consistent, marginal change that will disrupt established markets long before a wholesale switch away from hydrocarbons occurs. Among the elements of the scenario is long-term, double-digit growth for renewable energy—specifically wind and solar power—increasing to 30% of total power supply in 2035, up from 8% today. under

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