WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 162
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TWh
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Electric vehicles (EVs)
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North America experienced an almost threefold increase in
the number of electric heavy-duty vehicle OEMs between
2020 and 2023, from 16 to 45
•
At the end of 2023, North America accounted for 20% of
fuel cell electric vehicles (FCEVs) worldwide.
•
In April 2024, Honda Motor Co., Ltd announced that it plans
to build a comprehensive EV value chain in Canada with an
approximate investment of CAD$15 billion to strengthen
its EV supply system and capability to prepare for a future
increase in EV demand in North America.
4400
4200
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2019
2020
2021
2022
2023
Network
•
•
In October 2023, Biden Administration announced $3.46
Bn for 58 projects to strengthen grid reliability and
resilience across 44 states, sparking a combined publicprivate investment of $8 billion, and bringing more than
35 gigawatts of new renewable energy.
In October 2023, as part of the President’s Investing in
America agenda, the U.S. Department of Energy announced
up to a $1.3 billion commitment in three transmission lines
crossing six states
•
In March 2024, Government of Canada announced a $16.7
Mn federal investment for a project by Ontario’s power grid
operator that will strengthen its electricity grid operations.
•
$494 Mn investment in Mexico’s distribution networks
in 2024 expected, which includes smart grid projects like
remote operation and automation in networks, scaling
•
Between August 2022 and March 2023, major EV and battery
makers announced cumulative post-IRA investments of at
least $52 billion in North American EV supply chains.
Major energy players
United States: NRG Energy, Duke Energy, Southern Company,
Pacific Gas & Electric, NextEra Energy, American Electric Power,
Exelon, Edison International, Consolidated Edison, Sempra
Energy, FirstEnergy, AES
Canada: Hydro-Québec, BC Hydro, Hydro One, Ontario Power
Generation, ENMAX, TransAlta.
Mexico: PEMEX, CFE (Commission Federal de Electricidad),
Iberdola Mexico, Sempra Infrastructure, Naturgy Mexico, AES
Mexico, TC Energy Mexico
Region highlights
•
In North America, green hydrogen is projected to drive
most of the growth in the short and long term, spurred
by recent government support, while electrified transport
is projected to account for around 30 percent of demand
growth to 2030.
•
In the United States, investment in clean energy increases
to an estimated more than $300 billion in 2024, 1.6 times
the 2020 level and well ahead of the amount invested in
fossil fuels.
WEMO 2024
of the measurement to advanced meter infrastructure,
management of the energy balance for the electricity
market
162
Electricity production (North America)
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