But strong growth in other areas , especially off shore wind turbines for 2024 and beyond, Think EV sales will plateau but still will be up in sales year on year , just wont see the exponential growth of the last few years ,

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Global clean energy investment hit $US1.77 trillion in 2023, up 17%

Global investment in clean energy and the larger low-carbon energy transition hit a new record in 2023, reaching $US1.77 trillion, up 17%, with China continuing to lead the way.

A new report from energy analysts BloombergNEF (BNEF) published this week, Energy Transition Investment Trends 2024, found that investment in renewable energy, electric vehicles, hydrogen, and carbon capture all saw growth in investment in 2023.

Electrified transport was the primary driver of increased investment in 2023, overtaking renewable energy to be the largest driver of spending in 2023 at $634 billion, up 36% year-on-year.

“Last year brought new records for global renewable energy investment,” said Meredith Annex, BNEF’s head of clean power and co-author of the report.

“Strong growth in the US and Europe drove the global rise, even as China, the world’s largest renewables market, sputtered, recording an 11% drop. Despite a year of tough headlines, a record amount of offshore wind capacity also reached financial close.”

Third on the list was Germany, well back at only $US95.4 billion, with the UK and France filling out the top 5. If counted together, however, the European Union would beat out the US, investing a total of $US341 billion.

https://reneweconomy.com.au/global-clean-energy-investment-hit-us1-77-trillion-in-2023-up-17/