Transforming ENERGY slide image

Transforming ENERGY

Electricity Consumption (TWh) Challenges Lithium Nickel 7000 ■Transportation Historical → Modeled High 1000 8 000 1.000 5000 6000 ■Commercial ■Residential ■Industrial Medium 750 6.000 750 Reference 500 4.000 500 4000 3000 2000 1000 250 2.000 250 Cobalt 0 0 0 2020 2025 2030 2020 2025 2030 2020 2025 2030 Supply NZE demand STEPS demand APS demand 0 1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050 Figure. Potential increase in U.S. electricity demand due to transport electrification, 2020-2050 Source: NREL Electrification Futures Study (Jadun et al., 2017) Increased electricity demand Higher upfront costs for some segments WATES USAID Figure. Projected supply and demand for critical minerals in EV batteries, 2020-2030 Charging infrastructure buildout USAID FROM THE AMERICAN PEOPLE ONREL Transforming ENERGY Source: International Energy Agency (2022) NZE: net zero emissions by 2050 scenario STEPS: stated policies scenario APS: announced pledges scenario Access to critical minerals for batteries Workforce development 14
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