The oil and gas giant’s EV investment rationale is outlined in its new report, BP Technology Outlook. Demand for travel is central to modern society. Currently, transport accounts for 20% of global primary energy use. The global light-duty fleet of cars, vans, and light trucks is here to stay for the foreseeable future. In fact,… Read more »
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DOE: US plug-in vehicles consumed nearly 2 TWh of electricity in 2017
American drivers are plugging in, and they’re beginning to consume substantial amounts of electricity, according to new figures from the DOE. Plug-in vehicles in the US consumed 1.94 TWh of electricity in 2017 – nearly 100 times more than the measly 0.02 TWh consumed in 2011, says the DOE. Furthermore, the share of consumption from… Read more »
Parked EVs earn $1,530 in V2G pilot
Nissan and Italian utility Enel are carrying out trials of vehicle-to-grid (V2G) systems with some 100 cars across Europe. In Denmark, fleet operators will collect about 1,300 euros ($1,530) a year by feeding power back into the grid using the two-way charge points. As EVs proliferate, grid managers will have to pay attention to when… Read more »
Solar energy expert predicts battery prices will reach $100/kWh by 2030
When will lithium-ion battery prices reach the price point of $100 per kWh that so many in the media are calling the “magic number?” According to Winfried Hoffmann, an analyst at the consulting firm ASE, the glad day will dawn sometime around 2030. Hoffmann, the former CTO of Applied Materials, is a well-known figure in… Read more »