Renewables in Energy Demand: Transport in Focus

Key facts:

• 6 countries and sub-national jurisdictions announced or updated renewable targets for transport in 2022
• In 2022, total investment in electric transport was equivalent to 80% of the total investment in renewables
• Transport is the fastest growing energy-consuming sector, at an average rate of 2% per year
• 10 countries and sub-national jurisdictions reduced or suspended their biofuel blending mandates in 2022
• Investment in electric vehicles and charging infrastructure was up 54% in 2022