Can the World Hit 35% Electrification by 2035?

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-25 • Permanent link

Rising electricity demand has prompted investors to reassess their bets on a 35% electrification goal by 2035, with some analysts predicting a significant shift in the energy landscape. The International Energy Agency (IEA) has reported a 3.5% increase in global electricity demand since 2020, driven by growing demand in emerging markets and the increasing adoption of renewable energy sources. The resulting surge in electricity prices has led to concerns over energy security and affordability.

The potential impact on investors is substantial, with many companies poised to benefit from the shift towards electrification. Renewable energy companies, such as Vestas and Siemens Gamesa, are expected to see increased demand for their wind turbines and solar panels, while energy storage providers like Tesla and LG Chem may experience a surge in sales. However, the increased competition and regulatory uncertainty in the energy sector could also pose significant risks to investors.

The electrification goal has been gaining momentum since 2019, when the IEA first set out the "35 by '35" target. Since then, numerous countries and companies have pledged to accelerate their transition to clean energy, with many setting their own targets for electrification. The growth in renewable energy capacity has been rapid, with solar power capacity increasing by 22% in 2022 alone. Experts predict that the pace of electrification will only accelerate in the coming years, driven by declining renewable energy costs and increasing consumer demand.

As the world hurtles towards a 35% electrification goal by 2035, investors will need to stay vigilant for upcoming catalysts that could shape the energy landscape. The upcoming COP28 climate summit in Dubai is expected to see increased focus on energy security and affordability, with many countries pledging to accelerate their transition to clean energy. Meanwhile, the growing competition in the renewable energy sector is likely to lead to further innovation and cost reductions, making electrification an increasingly attractive option for consumers and investors alike.