Electricity Already Powers 46% of Global GDP, Far Ahead of Its Final-Energy Share

Electricity now powers 46% of global GDP but accounts for only 23% of final energy use, according to International Energy Agency data cited by Exponential View. The gap reflects electricity's efficiency: an electric car converts 85-90% of its energy into motion, versus about 25% for a gasoline car, and a joule of electricity does roughly 2.5 times as much useful work as a joule of oil.