2024 Power Barometer reveals Europe's electrification rate stagnant at 23%, far from 50% target by 2040.

Eurelectric's Power Barometer 2024 reveals that Europe's electrification rate has stagnated at 23% for a decade, far below the target of 50% by 2040. In contrast, China has increased its rate by 7% since 2015. A 7.5% drop in electricity demand from 2021 to 2023, largely due to industrial shutdowns, hampers progress. Eurelectric calls for a clear electrification strategy and support for the Green Deal to enhance competitiveness and decarbonize industries.

October 03, 2024
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