Consumer demand for SUVs may offset all the benefits of electric cars
The International Energy Agency (IEA) has spoken out against SUVs saying that the popularity of these vehicles could offset any benefits brought about by the rise in popularity of electric cars.
IEA experts said that if the popularity of SUVs continues to increase along with recent trends, then this could lead to a huge volume of oil consumption in the near future. The experts’ report estimated that this could lead to an additional two million barrels of oil a day being added to the IEA’s 2040 oil demand projection.
The growing appetite among consumers for bigger and heavier cars (SUVs) is already adding extra barrels to global oil consumption.
– IEA Report
The IEA said that after taking on board the stated intentions, targets and existing measures of many nations, they have predicted that the rises in greenhouse gases will not peak before 2040. This means that whilst the rises in greenhouse gases will slow down, they will still continue to increase in the next 20 years.
A sustainable development scenario has been put forward that would lead to a sharp emissions cut, which would meet the goals of curbing the rising global temperatures. However, the IEA report added that this would need rapid and widespread changes across all sectors.
If adopted, the sustainable development scenario would require electricity to overtake oil by 2040 as the leading source of energy. The growth in popularity of electric cars will play its part in helping this plan become reality, however, the growing demand for SUVs may make things more difficult.
The IEA report stated: “Consumer preferences for SUVs could offset the benefits from electric cars. The growing appetite among consumers for bigger and heavier cars (SUVs) is already adding extra barrels to global oil consumption.
“SUVs are more difficult to electrify fully, and conventional SUVs consume 25 per cent more fuel per kilometre than medium-sized cars. If the popularity of SUVs continues to rise in line with recent trends, this could add another two million barrels per day to our projection for 2040 oil demand.”