The facts speak for themselves: the energy transition is underway
Two very interesting pieces of data were reported on Friday that give an an idea about the ongoing energy transformation: according to the International Energy Agency’s forecasts, 2023 will be the first year that will see more investment in solar energy than in oil production, a change that, seen from the perspective of a decade, is a clear sign of the times.
Secondly, a surprise: the Tesla Model Y was the best-selling car in the first quarter of this year, shifting some 267,200 units; the first time an EV has outsold diesel or petrol vehicles, taking into account the sum of all the world’s markets.
The writing is on the wall: investing in fossil fuels may continue to be profitable in the short term, but extracting and burning the remains of dinosaurs to produce energy is a losing game compared to generating energy cleanly through renewables like wind and sun.
What’s more, renewable energy is limitless and cheaper, which makes electricity companies that make the switch clear winners over those that do not. And it’s not just about business: all users, whether corporate domestic, who can opt for renewables, will save money, which influences the market and drives change.
As for what EV sales tell us, the fact that the Tesla Model Y, which is still more…
