Households face their own version of this calculation. They need confidence that home improvements will pay off over time and that electric vehicle infrastructure will develop enough to support their continued use. The IEA notes that even basic consumer confidence shapes whether they feel comfortable investing in electrification. Â
Nonetheless many trends are encouraging for electrification. Electric vehicles accounted for a quarter of sales globally last year. The IEA projects continued growth and notes particularly fast acceleration in parts of Asia. “We’re going to have a blowout year for electric vehicle sales this year globally,” says Jigar Shah, the clean tech investor who previously ran the U.S. Department of Energy’s Loan Program Office.Â
And the opportunity—and even necessity—for refinancing corporate debt is another tailwind, according to the IEA. Around $3 trillion in commercial property debt matures between 2025 and 2027, and operational efficiency helps companies secure new loans.Â
