The global transition to electric vehicles (EVs) is happening fast and it’s big for the world’s electricity grids. Finbold research using IEA data shows that global electricity demand from EVs has already grown by 3,630.77% from 2,600 gigawatt hours (GWh) annually in 2013 to 97,000 GWh in 2023. And it’s going to grow another 631.96% by 2030 to 710,000 GWh.  China, the biggest EV market in the world, has been the biggest driver of EV energy demand. In 2013, it needed 470 GWh to fuel its electric cars, but by 2023 it was 38,000 GWh. By 2030 China will account … Continue reading EV Surge Predicts 631% Electricity Demand Spike by 2030: Is the World’s Grid Prepared?