Together with renewable energy, electrification dominates the energy transition. Electrification investments in heat pumps and electric vehicles were thus forecast to spike over the next decades. Investment in EV charging infrastructure and EV support adoption will grow from 31 to 110 billion U.S. dollars per year between 2023 and 2030.
Electrification investment for heat pumps and electric vehicles' infrastructure in 2023, with forecast requirements until 2030 worldwide
(in billion U.S. dollars per year)
Characteristic
Heat pumps
EV charging infrastructure and EV adoption support
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IRENA. (November 10, 2024). Electrification investment for heat pumps and electric vehicles' infrastructure in 2023, with forecast requirements until 2030 worldwide (in billion U.S. dollars per year) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1536735/investment-needs-for-electrification-world-by-sector/
IRENA. "Electrification investment for heat pumps and electric vehicles' infrastructure in 2023, with forecast requirements until 2030 worldwide (in billion U.S. dollars per year)." Chart. November 10, 2024. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1536735/investment-needs-for-electrification-world-by-sector/
IRENA. (2024). Electrification investment for heat pumps and electric vehicles' infrastructure in 2023, with forecast requirements until 2030 worldwide (in billion U.S. dollars per year). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1536735/investment-needs-for-electrification-world-by-sector/
IRENA. "Electrification Investment for Heat Pumps and Electric Vehicles' Infrastructure in 2023, with Forecast Requirements until 2030 Worldwide (in Billion U.S. Dollars per Year)." Statista, Statista Inc., 10 Nov 2024, https://www.statista.com/statistics/1536735/investment-needs-for-electrification-world-by-sector/
IRENA, Electrification investment for heat pumps and electric vehicles' infrastructure in 2023, with forecast requirements until 2030 worldwide (in billion U.S. dollars per year) Statista, https://www.statista.com/statistics/1536735/investment-needs-for-electrification-world-by-sector/ (last visited January 08, 2025)
Electrification investment for heat pumps and electric vehicles' infrastructure in 2023, with forecast requirements until 2030 worldwide (in billion U.S. dollars per year) [Graph], IRENA, November 10, 2024. [Online]. Available: https://www.statista.com/statistics/1536735/investment-needs-for-electrification-world-by-sector/
