Global energy investment is on track to hit a record $3.3 trillion in 2025, according to the new International Energy Agency’s (IEA) annual World Energy Investment report, even as the world navigates economic turbulence and rising geopolitical risks.
The lion’s share of that money – about $2.2 trillion – is heading toward clean technologies. That includes renewables, nuclear, grids, battery storage, low-emissions fuels, efficiency, and electrification. It’s twice the amount going into fossil fuels.
IEA executive director Fatih Birol says countries are working to insulate themselves from future shocks in the energy sector. “Amid the geopolitical and economic uncertainties that are clouding the outlook for the energy world, we see energy security coming through as a key driver of the growth in global investment.”
China has cemented its status as the world’s top energy investor, spending nearly as much as the US and EU combined. In 2015, it barely edged out the US. Today, it’s pulling far ahead, especially in clean energy. Over the past decade, China has boosted its share of global clean energy investment from 25% to nearly 33%, thanks to massive spending on solar, wind, hydro, nuclear, EVs, and batteries.
Advertisement – scroll for more content
Solar is once again the star. Investment in both rooftop and utility-scale solar is expected to hit $450 billion this year, more than any other energy tech globally. Battery storage is also surging, projected to hit $65 billion in 2025. Nuclear is trending upward too, with capital flows rising 50% over five years to about $75 billion.
The global energy mix continues to shift. In 2015, fossil fuel investment outpaced electricity spending by 30%. But this year, electricity investments, which include generation, grids, and storage, are expected to be 50% higher than what’s being spent on oil, gas, and coal.
But not everything is trending in the right direction. Grid investments, at $400 billion a year, aren’t keeping up with the pace of new generation and electrification. That’s a red flag for electricity security. The IEA warns that grid spending needs to catch up fast, but bottlenecks like permitting delays and tight supply chains for cables and transformers are slowing progress.
China and India also continue to invest in coal. In 2024, China began construction on nearly 100 gigawatts of new coal-fired power plants, pushing global coal project approvals to their highest levels since 2015.
Meanwhile, oil investment is expected to dip 6% this year – the first drop since the COVID crash in 2020. That’s mostly due to less spending on US tight oil – oil extracted using fracking, which is processed into gasoline, diesel, and jet fuels. On the flip side, investment in liquefied natural gas (LNG) is booming, especially in the US, Qatar, and Canada. Between 2026 and 2028, LNG capacity is set to see its largest ever capacity growth.
One of the report’s most troubling takeaways: Africa is being left behind. Despite accounting for 20% of the world’s population, the continent attracts just 2% of global clean energy investment. Overall energy investment in Africa has fallen by a third in the past decade. The IEA says public finance needs to scale up fast to help unlock private capital and close the gap in developing economies.
The bottom line: Clean energy is surging, solar continues to lead, and China is dominating global spending. But if grid upgrades don’t catch up and the investment gap in the Global South isn’t closed, energy access and climate goals could fall behind.
If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*
FTC: We use income earning auto affiliate links.More.
This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes a new ONYX RCR 80V electric moped, new lightweight e-bike motors, Aventon’s powerful update, California cops catching illegal e-bike riders with drones, a super lightweight new e-bike from Dahon, and more.
Today’s episode is sponsored by CYCROWN, an e-Bike company born from a passion for cycling. Its lineup now includes the new CYCROWN Dremax – a high-performance urban commuter e-bike now on sale in the US and Canada. Use Electrek50 to save $50 off your new eBike when you order.
The Wheel-E podcast returns every two weeks on Electrek’s YouTube channel, Facebook, Linkedin, and Twitter.
As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.
Advertisement – scroll for more content
After the show ends, the video will be archived on YouTube and the audio on all your favorite podcast apps:
We also have a Patreon if you want to help us to avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.
Here are a few of the articles that we will discuss during the Wheel-E podcast today:
Here’s the live stream for today’s episode starting at 9:00 a.m. ET (or the video after 10:00 a.m. ET):
FTC: We use income earning auto affiliate links.More.
While much of the Western world is still figuring out how to get more people on electric bikes, China just flipped a switch, and the results are staggering. Thanks to a generous nationwide trade-in program rolled out around six months ago, China has seen an explosive surge in electric bicycle sales, with over 8.47 million new e-bikes hitting the road in the first half of 2025 alone.
The program, which offers subsidies to riders who trade in their old, often outdated electric bikes for newer, safer, and more efficient models, has sparked a new e-bike sale boom in a country already dominated by e-bike travel. In major provinces like Jiangsu, Hebei, and Zhejiang, over one million new e-bikes were sold in each region in just six months. That’s a tidal wave of e-bike sales.
The incentives vary depending on location and the model being traded in, but for many consumers, the subsidies cover a substantial portion of a new e-bike’s price – enough to turn a “maybe next year” purchase into a “right now” upgrade. And these aren’t just budget bikes either. The program has driven demand for higher-quality models with better batteries, safer braking systems, and more reliable electronics, accelerating both adoption and innovation across the industry.
The move has proven successful in replacing the millions of older models with lower-quality lithium-ion batteries that had posed safety risks around the country. Instead, China has pushed for higher-quality lithium-ion batteries, a return to a newer generation of higher-performance AGM batteries, and even interesting new sodium-ion battery options.
Advertisement – scroll for more content
Most e-bikes in China look more like what we’d consider seated scooters
According to China’s Ministry of Commerce, more than 8.4 million consumers have participated in the e-bike trade-in program so far, contributing to a sales increase of 643.5% year-over-year and more than doubling sales month-over-month. Meanwhile, production of new electric bicycles rose by nearly 28%, as manufacturers scrambled to meet demand. The sales boosts have already been seen in the financial reports of major industry players like NIU.
And it’s not just the big players benefiting – over 82,000 small independent e-bike dealers reported average sales increases of ¥302,000 (around US $42,000), giving a serious boost to local economies.
What’s particularly striking here is how fast this happened. The program was officially launched late last year as part of a broader effort to stimulate domestic consumption and phase out outdated vehicles and appliances. But while most analysts expected gradual growth, the e-bike sector responded much more quickly. In less than a year, the trade-in subsidies have reshaped the electric bicycle market, creating a consumer-driven boom that shows no signs of slowing.
For those of us watching from outside China, it’s hard not to wonder what might happen if other countries tried something similar. While most families in Chinese cities already own an electric bike and thus see this as an opportunity to trade it in for a newer model, Western countries like the US are still figuring out how to stimulate commuters into buying their first e-bike.
It’s too soon to know exactly how long the boom will last or whether the momentum will carry into 2026 and beyond. We’ve seen bicycle industry bubbles grow and burst before. But one thing’s clear: with the right incentives, even modest ones, it’s possible to ignite real, large-scale change. China just proved it with nearly 8.5 million new e-bikes to show for it.
And if you’re wondering what it looks like when a country takes electric micromobility seriously, this is it.
FTC: We use income earning auto affiliate links.More.
Today was the official start of racing at the Electrek Formula Sun Grand Prix 2025! There was a tremendous energy (and heat) on the ground at NCM Motorsports Park as nearly a dozen teams took to the track. Currently, as of writing, Stanford is ranked #1 in the SOV (Single-Occupant Vehicle) class with 68 registered laps. However, the fastest lap so far belongs to UC Berkeley, which clocked a 4:45 on the 3.15-mile track. That’s an average speed of just under 40 mph on nothing but solar energy. Not bad!
In the MOV (Multi-Occupant Vehicle) class, Polytechnique Montréal is narrowly ahead of Appalachian State by just 4 laps. At last year’s formula sun race, Polytechnique Montréal took first place overall in this class, and the team hopes to repeat that success. It’s still too early for prediction though, and anything can happen between now and the final day of racing on Saturday.
Congrats to the teams that made it on track today. We look forward to seeing even more out there tomorrow. In the meantime, here are some shots from today via the event’s wonderful photographer Cora Kennedy.
You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.