https://ember-energy.org/latest-insights/the-electrotech-rev...

> 80% of the world lives in fossil fuel importing countries, with over 50 countries importing more than half their primary energy as fossil fuels. In contrast, 92% of countries have renewables potential over ten times their current demand. Replacing imported fossil fuels using three key levers—EVs, heat pumps and renewables—can cut net fossil fuel imports by 70%, saving $1.3 trillion globally each year. Once electrotech is bought, it lasts for decades, providing insulation from the vagaries of global pricing. When fossil flows stop, the economy stops. When electrotech flows stop, only growth is at risk.

> China’s pivot to electrotech has been central to the global shift, sparking an explosion in manufacturing, innovation and deployment. China’s domestic roll-out of electrotech is unparalleled: it accounts for half of global solar panel installations, 60% of EV sales and two-thirds of global growth in electricity demand since 2019. In the first half of 2025, Chinese fossil demand in electricity generation was down by 2%. This is highly significant because global fossil fuel demand excluding China has been flat since 2018, and China has driven all the net growth.

> As electrotech surges into one country and sector after the next, it drives replacement, not addition. Fossil demand has been flat for industrial energy since 2014, for buildings since 2018, for road transport since 2019, and may peak for electricity this year. Two-thirds of countries have already seen peak fossil demand in end-use sectors, and half the world has seen a peak in fossil fuels for electricity. China is the pivot nation in the global system, and fossil electricity demand in China is down 2% in the first half of 2025. If current trends continue in renewables deployment and electrification, fossil fuel demand will be in decline by 2030. That implies disruption for the fossil fuel sector and the rise of new electrotech winners.