What’s Driving America’s Electricity Sales

What’s Driving America’s Growing Electricity Demand?

The U.S. Energy Information Administration (EIA) believes that by 2050, U.S. power demand will surge from 3,900 billion kWh in 2024 to 5,800 billion kWh. This would be a 46% boost.

But just what is driving this incredible demand for electricity?

For this graphic, the second in the Electrification Series, Visual Capitalist has partnered with Global X ETFs to discover why the U.S. demand for electricity will grow by nearly 50% by 2050.

Powering Growth

As the electric vehicle (EV) charging infrastructure expands along with the increased electricity demand from data centers and artificial intelligence, the overall demand for electricity in the U.S. will grow dramatically.

Below is a table that uses data from the EIA to compare U.S. electricity demand in 2024 to that in 2050.

By 2050, America’s commercial sector will demand the most electricity of any industry—nearly 2,300 billion kWh. It is also expected to see the most growth in terms of its electricity demand.

The commercial sector will add over 850 billion kWh to its electricity demand by 2050.

Investing in the Demand for Energy

America’s future is truly electric. Between 2024 and 2050, the overall demand for electricity in the U.S. will rise by nearly 50%. Increased energy use in the residential and commercial sectors will drive this trend.

Do you want to learn more about electricity demand and electrification?

The third and final part of the Electrification Series focuses on the U.S. data center market. See how much of the nation’s energy demand data centers will consume.

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