Tesla Stocks (NASDAQ:TSLA) was at $276.15 as of 01:10 PM EDT.
Investors in electric vehicles are learning some crucial information from the most recent IEA “Tracking Clean Energy Progress” update. The yearly study evaluates 55 energy system components, including infrastructure, technologies, industries, and mitigation plans, to determine how well we’re doing at achieving important medium-term objectives by the end of the decade. It’s a part of a larger initiative called “Net Zero Emissions by 2050” that aims to reduce global temperature increases to 1.5 °C through technological advancement, behavioral modification, sustainable bioenergy, and international cooperation.
Tesla Inc Shares Value 5 Years Ago Is Now Worth Ten Times
Summary
EV sales doubled globally last year, reaching nearly 9% of the global auto market. As seen by the 2M EV sales reported during the first quarter of this year—a 75% increase over the same period in 2021—the trend is picking up once more. In fact, the IEA predicts that “electric vehicle sales [in 2022] will reach another all-time high, rising to 13% of total light-duty vehicle sales globally.” The paper states that “electric vehicles are the main technology to decarbonize road transport, a sector that accounts for 16% of global emissions.” Tesla, which remains the dominant EV player, saw an overall BEV market share decrease from 28% in 2020 to 26% last year. When plug-in hybrid sales are taken into account, the percentage decreases from 18% to 17%. Numerous new BEV models introduced last year can be blamed for the reduction. In 2021, Sacconaghi recorded 88, up from 83 in 2020 and 67 in 2019.
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Other Notables, Tesla Stocks
In 2021, the global EV fleet used 50 TWh of electricity, less than 0.5% of the current total final electricity consumption worldwide, to replace around 0.3 Mb/d of oil. Over the past year, EV batteries’ energy density has increased as well, and the market share of lithium iron phosphate cathodes, which don’t need nickel or cobalt, has doubled. Meanwhile, the number of EV charging stations made available to the general public climbed by almost 40% in 2021, when 500K of them were installed, surpassing the entire number of chargers made available in 2017.
Featured Image- Megapixl @ Maislam
Author Jowi Kwasu 
