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Wind and solar are set to account for over 90% of global electricity expansion over the next five years, overtaking coal to become the largest source of global electricity by early 2025, according to “Renewables 2022,” the latest edition of the International Energy Agency’s (IEA) annual report on the renewable sector.

Total renewable capacity growth worldwide is set to almost double in the next five years. In other words, the world will add as much renewable power in the next five years as it did in the past 20.

And even better, the report also lays out a case in which renewable power capacity could grow a further 25% on top of the main forecast.

The IEA report also notes that global renewable power capacity is now expected to grow by 2,400 gigawatts (GW) over the 2022-2027 period – an amount equal to the entire power capacity of China.

This huge expected increase is 30% higher than the amount of growth that was forecast just a year ago.

The rapid growth is attributed by the IEA to governments rapidly lining up the adoption of renewables in response to the global energy crisis. The Russian invasion of Ukraine resulted in Europe working to quickly replace Russian gas with alternatives. 

Europe’s renewable power capacity added from 2022 to 2027 is forecast to be twice as high as in the previous five-year period.

The IEA writes:

An even faster deployment of wind and solar PV could be achieved if EU member states were to rapidly implement a number of policies, including streamlining and reducing permitting timelines, improving auction designs and providing better visibility on auction schedules, as well as improving incentive schemes to support rooftop solar.

The US, China, and India are also driving renewables’ upward trajectory. China is expected to account for almost half of new global renewable power capacity additions over the 2022-2027 period as the result of its recent 14th Five-Year Plan. And new policies in the US and India are expected to boost investment in solar manufacturing by as much as $25 billion over the next five years.

The IEA says that in a large majority of countries, utility-scale solar PV and onshore wind are the cheapest options for new electricity generation.

Global solar PV capacity is set to almost triple over the 2022-2027 period and become the world’s largest source of power capacity. The report forecasts growth of residential and commercial rooftop solar.

Global wind capacity almost doubles in the five-year period, with offshore wind making up one-fifth of the projected growth.

Read more: The largest landfill solar project in North America is now complete


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Hyundai’s new IONIQ 6 already looks like a major upgrade on the road [Video]

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Hyundai's new IONIQ 6 already looks like a major upgrade on the road [Video]

Hyundai’s electric fastback is getting a fresh new look. Just a week after unveiling the redesigned IONIQ 6, we are already getting our first look at it out in the real world. Hyundai’s new IONIQ 6 was spotted driving in Korea, and from the looks of it, this could be a major upgrade.

Hyundai’s new IONIQ 6 looks sleek on the road

Launched in 2022, Hyundai’s “Electrified Streamliner” was expected to challenge the Tesla Model 3 as one of the few electric sedans on the market.

Prices start at under $38,000, and with up to 342 miles of driving range (EPA-est), the IONIQ 6 arrived as one of the most efficient EV options. A Boston Consulting Group report last year even found it to be the only EV that met buyers’ price, range, and charging expectations.

Despite the impressive specs and unique new design, Hyundai’s electric car has failed to live up to expectations. Will a redesign spark some life into the EV?

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Hyundai unveiled the new IONIQ 6 at the Seoul Mobility Show last week, with a few noticeable design changes. With a new ducktail spoiler, the profile is smoother and more natural-looking, which was one of the biggest complaints.

The front and rear are redesigned with slim LED DRLs and main headlamps. Hyundai claims it “enhanced every line and detail to make the IONIQ 6 simpler and more progressive.”

After the new model was spotted driving for the first time in Korea, we are already getting a sneak peek at Hyundai’s refreshed IONIQ 6 on the road.

Hyundai’s new IONIQ 6 spotted driving in Korea for the first time (Source: HealerTV)

The new video from HealerTV gives us a good look at the changes from all angles. The rear spoiler has been upgraded to have a sportier overall look. The new, slim DRLs are a good touch, adding to its aggressive face.

Hyundai also updated the interior with a redesigned steering wheel and better materials on the door trim for “a more premium feel.” Other improvements include a more functional center console and a larger climate control display.

A new IONIQ 6 N will finally join the lineup. Hyundai teased the sporty new N model with an even more aggressive design based on the RN22e Rolling Lab concept.

Although more details will be revealed closer to its launch, we expect other improvements pulled from the 2025 IONIQ 5, like an added NACS port and potentially even more driving range.

What do you think of the new IONIQ 6? Do you like the redesign, or is it still not enough? Let us know your thoughts in the comments below.

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The 2025 Dodge Charger Daytona EV now has a $6,500 rebate

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The 2025 Dodge Charger Daytona EV now has a ,500 rebate

The 2025 Dodge Charger Daytona EV came in hot – and expensive – when it launched at the end of 2024 with no official rebate. But that’s just changed.

The 2025 Dodge Charger Daytona EV starts at $66,990 including the destination fee. But the actual cost of this luxury muscle car is $78,680 including all the required packages.

And as of April 1, it now comes with a $6,500 National Retail Consumer Cash rebate.

Stellantis Financing continues to offer a special financing rate of 1.9% APR for 72 months, but unfortunately, that can’t be combined with the $6,500 rebate, so you have to choose one or the other.

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If you’re interested in leasing a Charger Daytona EV, then you can get $7,500 in lease cash from Stellantis Financial. Stellantis also offers Chrysler employee pricing to the public, but it can’t be stacked with rebates. How employee pricing works is, dealer pricing is 5% below the dealer invoice and a $200 program fee, plus you can’t haggle over pricing.

CarsDirect notes that the 2024 model still has the best deals on a Dodge Charger Daytona EV, with four options on the table:

  • 0% APR financing for 72 months plus $3,000 in bonus cash
  • $7,500 National Retail Consumer Cash in addition to $3,000 in bonus cash
  • $2,000 Conquest Bonus Cash deal in select regions like the West Coast
  • $7,500 in lease cash plus $6,000 in bonus cash for those who want to lease

Click here to find a local dealer that may have the 2024 & 2025 Dodge Charger Daytona EV in stock.–trusted affiliate link


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Check out the Kia EV2: This small electric SUV has a big personality

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Check out the Kia EV2: This small electric SUV has a big personality

Although the EV2 is Kia’s smallest EV, it won’t feel so small when sitting in it. Kia designed the open interior to give you an escape from the city. After sharing new details at Milan Design Week on Thursday, Kia gave us a closer look at the EV2 inside and out. The new interior design could see its way into future Kia EV models.

Kia EV2 interior is small but flexible

At Milan Design Week 2025, Kia held an exclusive exhibition for its upcoming EV models. The Concept EV2 was showcased alongside Kia’s first electric van, the PV5, and a rugged PV5 WKNDR concept.

Kia revealed new details about the EV2’s interior and what we can expect to see when it arrives. Inspired by a “picnic in the city,” the cabin is designed to feel as open and flexible as possible.

Like a balcony or porch, which offers a relaxing retreat from busy city life, Kia wants the EV2 to have a similar feel. Thanks to its flat-floor layout, the interior can open up with flexible seating. The second-row seats can fold up while the front seats slide up to provide an open space—you know, where you might want to have a picnic.

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Kia Concept EV2 interior (Source: Kia)

Kia added a few extras like integrated speakers in the headrest, portable door speakers, detachable seat cushions, extendable seats, and pop-up luggage dividers for your next adventure.

Even with the fun features, Kia focused on sustainability. The interior introduces environmentally conscious materials like Simplifyber Fybron™, AmpliTex, and biodegradable mycelium components.

Kia said the new design elements showcase its vision for future EV interiors. More details will be shared closer to the launch, but the EV2 is expected to include Kia’s new ccNC infotainment system.

As shown in the concept, the system features a curved display with dual 12.3″ driver and infotainment screens. Despite being an entry-level model, the EV2 will have advanced features like vehicle-to-load (VTL) to power up electronics or home appliances. It will also get smarter and more advanced over time with OTA updates.

Last month, we got our first look at Kia’s entry-level electric SUV on the road in Korea with a Soul-like design. Kia will launch the EV2 in Europe and other global markets next year.

Like other Kia electric models based on Hyundai’s E-GMP platform, the EV2 is expected to arrive with a WLTP range of at least 300 miles (605 km). Although prices will be revealed closer to launch, the EV2 is expected to start at around 30,000 euros ($33,000), but that could change in another year or so.

How do you feel about the Kia EV2? Would you buy one for around 30,000 euros ($33,000)? Let us know in the comments. We should learn more soon. We’ll keep you updated with the latest.

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