IEA: power use to soar through 2027, but renewables will keep up
The International Energy Agency’s (IEA) newly released “Electricity 2025” report predicts that global power consumption will jump nearly 4% annually through 2027. That’s like adding an entire Japan’s worth of electricity use every year for the next three years.
The report points to a few key drivers behind this surge: industrial expansion, the rising need for air conditioning, the electrification of transportation, and the explosion of data centers. And most of this growth – about 85% – is coming from emerging and developing economies.
China is leading the charge, with electricity demand outpacing its overall economic growth since 2020. In 2024 alone, China’s electricity consumption shot up by 7%, and it’s expected to keep climbing at an average rate of 6% per year through 2027. The country’s booming industrial sector plays a big role, especially in energy-hungry manufacturing like solar panels, EV batteries, and EVs themselves. The rapid adoption of air conditioning, EVs, data centers, and 5G networks is also pushing demand higher.
“The acceleration of global electricity demand highlights the significant changes taking place in energy systems around the world and the approach of a new Age of Electricity. But it also presents evolving challenges for governments in ensuring secure, affordable, and sustainable electricity supply,” said IEA director of energy markets and security Keisuke Sadamori. “While emerging and developing economies are set to drive the large majority of the growth in global electricity demand in the coming years, consumption is also expected to increase in many advanced economies after a period of relative stagnation. Policymakers need to pay close attention to these shifting dynamics.”
In the US, electricity demand is set to grow so much that it will add the equivalent of California’s total power consumption to the grid over the next three years. Europe, on the other hand, will see more modest growth, with demand only returning to 2021 levels by 2027 after significant drops during the energy crisis in 2022 and 2023.
The good news is that renewables and nuclear power are expected to keep up with this rising demand. According to the report, growth in low-emission energy sources should be enough to cover the global increase in electricity use through 2027. Solar power is expected to do the heavy lifting, meeting roughly half of the world’s additional demand, thanks to continued cost drops and strong policy support. In 2024, solar power generation in the EU surpassed coal for the first time, making up over 10% of the region’s electricity mix. China, the U.S., and India are all expected to hit that same 10% solar share milestone by 2027.
Meanwhile, nuclear energy is making a strong comeback, with its generation expected to hit new highs each year from 2025 onward. Thanks to these trends, carbon emissions from global electricity generation are expected to level off in the coming years after rising about 1% in 2024.
The report also dives into the challenges that electricity grids faced in 2024, from winter storms in the US and hurricanes in the Atlantic to blackouts caused by extreme weather in Brazil and Australia. Droughts in Ecuador, Colombia, and Mexico further strained hydropower generation. These events underscore the need for more resilient power grids.
Weather plays a huge role in electricity supply, and the report highlights rising volatility in wholesale electricity prices in some regions. One growing issue is negative wholesale electricity prices, which occur when supply outstrips demand. While still rare, these incidents signal a need for greater grid flexibility – something policymakers and utilities will need to tackle as electricity demand keeps climbing.
Dave Jones, insights director at global energy think tank Ember, said:
The Age of Electricity has to be the Age of Clean Electricity to realize the cost, security, and climate benefits of electrification. Following the IEA’s increased forecast for demand growth, new clean generation is now set only to meet the rise – not exceed it.
More investment in clean electricity is needed; otherwise, coal and gas generation could be at the same record levels in 2027 as they were in 2024.
Read more: IEA: Countries need to ramp up energy efficiency to hit 2030 target
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Environment
Volvo’s new ES90 electric sedan is ‘one of the most technically advanced cars’ on the market
Volvo’s flagship electric sedan is almost here. With its debut just weeks away, Volvo previewed the new ES90, boasting it’s “one of the most technically advanced cars on the market today.” Packed with two high-tech NVIDIA computers, it will also be the most advanced Volvo car yet.
Volvo teases new ES90 EV ahead of its debut
The ES90 is Volvo’s first vehicle to feature dual NVIDIA Drive AGX Orin computers, making it the company’s most powerful in terms of computing capacity.
NVIDIA’s new in-vehicle computer platform delivers around 508 trillion operations per second (TOPS). To give you a better idea, the most powerful PlayStation (PlayStation 5 Pro) has 16.7 trillion, or around 3% of the computing power. It’s even an eightfold improvement from Volvo’s previous models.
Combined with Volvo’s Superset tech stack, the electric sedan is a “truly software-defined car,” making it more efficient and safe than ever.
Anders Bell, Volvo’s chief engineer, claimed, “The Volvo ES90 is one of the most technically advanced cars on the market today. It will also improve with regular OTA updates that are now standard on all Volvo models based on the Superset.
The new EV is loaded with an array of sensors, including a lidar, five radars, eight cameras, and twelve ultrasonic sensors, for advanced safety and driver assistance functions.
Volvo’s safety system, called “Safe Space Technology,” is designed to detect and avoid other vehicles, bystanders, and objects, even in the dark.
The ES90 is Volvo’s second EV, following the three-row EX90 SUV, built on the Superset tech stack. Volvo also plans to upgrade the EX90 with dual NVIDIA Drive AGX Orin computers as it improves the lineup. Existing EX90 customers will get an upgrade free of charge.
In the preview, you can see that the ES90’s profile resembles that of its hybrid S90 sedan. The teaser hints at a more modern design, with elements pulled from the EX90, including upright tail lights.
Volvo will unveil the ES90 on March 5, 2025. You can watch the live-stream event here. Check back for the full details.
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Tesla announced that it would finally launch wait queues at Superchargers, a feature long requested by Tesla owners after a fight broke out at a station between owners arguing about who is next to charge.
For years, Tesla owners have been asking the automaker to implement a system to queue at Supercharger stations when they are full.
It doesn’t happen often — in fact, we now learn that it happens about 1% of the time — but when it does, it can be problematic.
When a Supercharger station is full, and more Tesla drivers arrive, they generally try to form a physical queue at the station. However, the parking lot can sometimes be limited, leading to issues with people cutting ahead.
We reported that this would become a bigger problem after Elon Musk fired Tesla’s entire charging team last year. This slowed down Tesla’s Supercharger deployment, which was already expanding at a lower rate than Tesla’s fleet.
A simple solution would be for Tesla to include a system to queue through the Tesla app or in-car system for people as they arrive at the station.
This week, Tesla finally announced that it is going to pilot a virtual queue at some sites next quarter:
Virtual queuing pilots starting in Q2 at select sites. Goal is a net customer experience improvement for the ~1% cases of a wait time. Wider rollout this year if feedback is positive. We also continue to expand the network 20%+ year-over-year, closely tracking site-level demand.
What did it take for Tesla to move forward with that finally? A fight.
The above message from Tesla’s charging team about launching a queue system was in response to this video of a fight between Tesla owners at a full Supercharger station that has been going viral:
While this is the first time I have seen a video of such a fight at a Tesla Supercharger, there have been many reports of such incidents over the last few years.
It’s good to hear that Tesla is finally addressing the issue. Now, the question is: will this virtual queuing system also work with non-Tesla vehicles, which Tesla is onboarding on Tesla’s Supercharger network – contributing to the crowding issue.
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Kia just pulled the covers off its new electric van, the PV5, giving us our first look at the futuristic model. The mid-size model is the first in Kia’s upcoming lineup of purpose-built electric vans that’s expected to shake up the growing market. From the first look, the PV5 will rival the Volkswagen ID.Buzz and Ford E-Transit. Check it out below.
Here’s our first look at the Kia PV5 electric van
We first saw the PV5 concept at CES last January after Kia introduced its “game-changing” Platform Beyond Vehicle (PBV) platform.
The PV5 was showcased alongside the larger PV7 and smaller PV1 models. Unlike Ford’s E-Transit, Kia’s electric van rides on a dedicated EV (PBV) platform. The flexible modular architecture will underpin the entire lineup as part of Kia’s plans to secure a leadership role in the electric van market.
After teasing the production model last week, Kia unveiled the exterior design for the first time on Thursday. The PV5 will be available in several configurations, including Passenger and Cargo models.
Kia said it will introduce another model during its upcoming EV Day on February 24. As you can see, Kia went all out with this one.
Like its newest EV models, the PV5 features a bold, almost futuristic-like design. In Kia’s words, the electric van’s “contemporary design transcends traditional light commercial vehicles.”
Massive windows that span the entire Passenger model add to the modern look, but also make it easier to see when driving.
Added black geometric wheel arch claddings and rocker panels give the PV5 a slightly rugged, off-road feel, “confidently linking the high-tech upper cabin with the more rugged and purposeful lower body.”
Although the Cargo model has a similar design, the boxy profile enables more interior space for delivery and other business uses (and don’t forget the camp lifers). Kia also included twin side-opening tailgate doors, making it easier to load and unload.
Kia will reveal additional info, including powertrain specs, seating setups, and more, during its EV Day next week. The event will be held in Tarragona, Spain, on February 24. Official details will be released on February 27. Check back next week for more on the Kia PV5.
At the event, Kia will also introduce the EV4 electric sedan and hatchback models alongside a smaller, more affordable EV2 concept.
With its official debut coming up, the PV5 was spotted testing in the US this week (check them out here). Images and a video sent to Electrek by Alex Nguyen reveal a Volkswagen ID.Buzz-like design.
Kia’s PV5 Cargo Compact concept, the most basic model, is 177.2″ long, 74.8″ wide, and 74.8″ tall. However, that’s the “Compact” model. The regular Passenger and Cargo variants will be bigger. To give you a comparison, the US-spec ID.Buzz (LWB) is 195.4″ long, 78.1″ wide, and 76.2″ tall, while Ford’s E-Transit is 237.6″ long, 81.3″ wide, and 83.9″ tall.
What do you think of Kia’s mid-size electric van? Do you like the look better than the ID.Buzz or E-Transit? Let us know in the comments below.
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