According to the International Energy Agency (IEA), the global average energy-related carbon footprint stands at around 4.7 tonnes of CO2 per person. Emissions of that capacity are equivalent to driving an average SUV for 18 months or taking two roundtrips of an 18.5-hour nonstop flight. To add more perspective, the world population, as of August 2023, stands at an astounding 8.1 billion people. So, the question that arises is how can we individually contribute to a sustainable future?
While the statistics seem grave, governments around the world are pushing for innovative solutions to improve sustainability and curb emissions. As reported by the UN Environment Programme, the transport sector is the fastest growing contributor to greenhouse gas emissions. Additionally, IEA cites that over one-third of the global car fleet is more than a decade old and replacing these with a new hybrid model of the same class would result in a 40% reduction in lifecycle CO2 emissions.
An unwavering focus on boosting the adoption of electric vehicles and expanding sustainable infrastructure has helped the UAE firmly establish its feet in the list of top 10 countries ranked for electric readiness. This reflection is a testament to the government prioritising its aim to reach net zero emissions and its target for 50% of cars in UAE to be electric by 2050.
According to a recent report published by CARS24, online searches for electric vehicles in the first half of 2023 have soared 60% on its platform compared with H2 of 2022. This surge in popularity comes with a rising consciousness about increasing fuel prices and an awareness about the environmental impacts of electric cars. As per the Ministry of Energy and Infrastructure in UAE, the current cost of charging an electric vehicle in the UAE is Dh7.50. Alternatively, EV’s can also be charged in the comfort of your home by installing a home charging device. The energy used will automatically be added to consumers’ regular electricity bill.
An increase in EV infrastructure and charging stations at key locations in the emirate adds to why there is an increase in demand. Additionally, the Road Transport Authority (RTA) in UAE has approved a plan to convert taxis in Dubai to sustainable hybrid, electric and hydrogen-powered models by 2027.
While the momentum for EV adoption is still in its preliminary stages, the growing numbers show a positive trend globally. According to IEA, EV sales have exponentially increased, exceeding 10 million in 2022 and are projected to continue strongly throughout 2023. If the current sales for electric cars continues as per predictions, we could potentially avoid the need for 5 million barrels of oil a day by 2030.
With 2023 being declared as the Year of Sustainability and COP28 playing a major role in pushing the sustainability agenda and subsequent policies, the UAE is making strong headway towards embracing the urgency of reforming modes of transportation in the country, making the reality of an efficient and sustainable future well within our reach.
By Abhinav Gupta, CEO Gulf Region for CARS24