Electric cars are plugged into a charging point in London, Britain, April 7, 2016. REUTERS/Neil Hall
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The cost of electric vehicles will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy. But this expected exponential rise in cleaner vehicles, coupled with booming renewable energy production, will not be enough to meet the Paris Agreement goal of limiting climate warming, Ditlev Engel, chief executive of DNV GL's energy consulting business, explained to Reuters in an interview.Growing electricity production will be the main driver for more efficient energy use as consumers move away from low-efficiency fossil fuels, with power output expected to soar by 140 percent by the middle of the century.As a result, renewable energy sources will account for 85 percent of global electricity production by 2050, DNV GL forecasts.
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