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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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From: elmatador5/19/2025 1:25:11 AM
   of 13775
 
What happens when the demand for a good or a service increase? Price goes up. While all eyes are on data centers electricity consumption, analysts forgot the growth of the EVs world fleet on electricity demand.

Growing EV adoption will increase electricity demand, of 6-8% by 2035 (IEA 2024d) How much EVs are consuming now? In 2023, EVs represented 0.5% of global electricity consumption, using roughly 130 TWh (terawatt-hours) (IEA 2024a, IEA 2024d).

Let's look to data centers' demand which bigger: "Data centers currently consume around 2% of global electricity, approximately 536 terawatt-hours (TWh) in 2025. This consumption is expected to roughly double to 1,065 TWh by 2030 due to the growing demand for AI and other data-intensive applications."

High costs of electricity forces industries to move. It happened with Japan in 70s after the Oil Shocks and is happening today in the US.

"The Magnitude 7 Metals plant in Marston, Missouri had the reported capacity to produce as much as 30% of the total supply of aluminum in the U.S. It was the third U.S. aluminum plant to close in less than two years and now there are only four remaining plants. So much electricity was needed at the aluminum plant that Magnitude 7 Metals was the single largest consumer of energy in Missouri."

It is about time High Power Computing and AI factories look for geographies where electricity potential is easy to increase and prices is lower.
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