The IEA estimates the cost of an automotive EV battery pack was $293.4/kWh in 2016 but $156/kWh in 2019. Assuming the cost dropped a bit more in 2020, we’re sitting at a battery cost of about 50% of a 2016 EV battery’s cost.
The fossil-friendly International Energy Agency indicates that solar power is now the “cheapest electricity in history.”
Fossil fuel companies continue to hang onto an in-your-face stance that the global energy demand for oil will rebound after covid-19.
Efforts to divest from fossil fuels continue, with more cities joining together to fight the climate crisis.
At an international conference this week, US Energy Secretary Dan Brouillette said the US advocates for less government regulation and more acceptance of all fuels, a variation of the trite “let the market decide” concept promoted by conservatives since Ronald Reagan was in office.
The International Energy Agency’s Global EV Outlook is an annual publication that reports on the current state of electric mobility around the world. It always contains important insights about the EV market, and this year’s report is no exception.
The green hydrogen trend could get help from an international effort aiming to blow the distributed wind sector out of the doldrums.
The COVID-19 crisis has tanked auto sales, but electric vehicles are still holding up under the pressure and the stage is set for a gasmobile crash.
As the human tragedy of the COVID-19 pandemic worsens, global restrictions to stop the spread of the virus — including stay-at-home orders, business closures, and travel prohibitions — may contribute to the worst economic downturn since the Great Depression.
The global offshore wind industry is expected to grow by as much as 15-fold and attract a cumulative investment of $1 trillion by 2040 according to a new report published by the International Energy Agency (IEA) which has famously undervalued the increasing role of renewable energy in the global energy mix.
