Energy Agency Has Good News for Tesla, EV Stocks


Source: barrons.com barrons.com

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Text size The International Energy Agency had downbeat news about the world’s efforts to replace fossil fuels with renewable energy, but for investors in Tesla and electric vehicles broadly, the news was the opposite of a bombshell. Thursday, the IEA released its Tracking Clean Energy Progress report. The goal of the report is to track how well the world is doing as it seeks to cut carbon emissions to net zero by 2050. There seems to be a way to go: According to the IEA, the oil and gas sector, low-emission fuel supply, the transportation industry, industrial economy, and commercial...