GoKawiilIEA chief says cost, security and climate goals now favor electrification
IEA head Fatih Birol said at the United Nations that the traditional energy trilemma—balancing cost, security and clean energy—is increasingly aligning in favor of electrification, partly due to disruptions from the Iran war raising fossil fuel prices. The IEA's new report finds $100 of electricity now powers an EV nearly three times farther than $100 of gasoline powers a gas car, and buys roughly 40% more heating days via heat pumps than gas boilers.