2019-04-14 22:46:15 UTC
Bloomberg published an article over the weekend that predicted
price parity between electric and gas cars in the next 5-10 y.
But here's the Tele's version.
Electric cars to cost half as much as petrol and diesel cars by 2030
ELECTRIC cars could cost half the amount of petrol equivalents by
2030, claims a new report.
Luke John Smith
05 Apr 2019 08:52
A new report has revealed that the purchase cost of electric cars
could be equal to petrol and diesel equivalents within the 5 to 10 years.
The International Council on Clean Transportation says that as
electric cars become more popular and battery prices drop the overall
cost of EVs will be in line with petrol and diesel.
When the total cost of ownership is taken in to account including fuel
costs and maintenance and a reduction in R&D research prices, the
overall prove of EVs should tumble, reports The Driven.
Prices for these electric cars could, therefore, tumble to half the
price of petrol by 2025, according to the report.
Lower range EVs will be the first to drop in price, which should occur
by 2024-2025, says the report, while longer range models expect to
cost less by 2026-2028.
Electric cars cost significantly more than equivalent petrol and
diesel cars which is largely due to the high price of the battery.
Currently, battery pack costs per kilowatt-hour range from $130-184
according to industry reports and announcements.
Improvements in cathode chemistry and energy density could see battery
pack costs drop from $104/kWh by 2025 and $72/kWh by 2030.
An industry survey conducted by Bloomberg Nw Energy Finance these
costs could even drop to as low as $62/kWh.
Indirect costs associate with an electric car such as development,
depreciation, and amortised costs are also expected to drop by around
70 per cent.
EVs with less powerful motors will benefit from the cost reductions in
the industry first. Motors up to 150kW in power will see price parity
achieved by 2024-25.
Motorists to 250kW are expected to cost less than ICE equivalents by
2025. The reasons for this have been citied as due to the total cost
of ownership, including taxes, maintenance, fuel or electricity
charges, dealer market, and profit margin.
However, the report states that the goal EV fleet must be nurtured and
govts need to be offer incentives to increase the ownership.
"The relative progress in Norway underscores the importance of
incentives. But it also underscores the insufficiency of cost parity
to transition to an all-electric market; if cost parity was the only
critical barrier, markets with such compelling incentives would more
rapidly approach 100% electric.
18 Apr 2019 Mar 2019 global SOTC NOAA
09 Jul 2019 19Q2 bn-dollar disasters NOAA
[EIA Fig ES-5: Electricity generation 1990- (tr kwh):]
Peter Gleick @PeterGleick Apr 2
April 1 is the unofficial end of the wet season in California. We've had a
great year with over 150% of normal after a long stretch of most very dry
years. Enjoy, but don't go back to wasting #water. Every drop saved stays in
our reservoirs or rivers.
Agritree @Agritree 20 Mar 2019 14:38Z
Here's a running list of all the ways #climate change has altered Earth in
2019 The list covers from historically unprecedented disappearances of ice,
to flood-ravaged cities. As more news comes out, the #list will be updated.
China's electric vehicle ambitions take centre stage at Shanghai show
South China Morning Post, 13 Apr 2019
This year's Shanghai auto show highlights the global industry's race to make
electric cars Chinese drivers want to buy, as Beijing winds down subsidies that ...
Assaad Razzouk @AssaadRazzouk 14 Apr 2019 0:28Z
Every year, the world's 5 largest publicly owned oil and gas companies spend
$200 mn on lobbying designed to control, delay or block binding
climate-motivated policy - while expanding their oil and gas extraction
activities #climate #hypocrisy pic.twitter.com/ign1tBpDmW
Federal Government urged to 'stump up' for wilderness bushfire funds (photos)
ABC News, 14 Apr 2019 0:35Z
Extra funding has been announced to help Tasmanian communities recover from
the summer's devastating bushfires, but it remains unclear whether there
will be any additional money for firefighting in the Tasmanian Wilderness
World Heritage Area.
Cassowary kills suspected breeder in Florida
ABC News, 14 Apr 2019 02:57Z
Authorities in Florida believe the 75-year-old was attacked after falling
over close to one of the native Australian birds, which are regarded as the
world's most dangerous.
'It's in crisis': Australia's looming problem of growing old at home
ABC Great Southern, 14 Apr 2019 02:58Z
With a rapidly ageing population, few Australians have been left untouched
from navigating the vast and often complicated aged-care system - be it for
a parent, partner or themselves.
Man arrested for allegedly smuggling fish in a bag around his neck into Adelaide
ABC News, 14 Apr 2019 02:58Z
The Australian Border Force says a Vietnamese man was caught trying to bring
an endangered fully red Asian arowana into Adelaide Airport.
LIVE: 2 children killed as tornadoes leave trail of horrific damage in
AccuWeather.com, 14 Apr 2019 04:04Z
A large preliminary EF-3 tornado with winds of 140 mph has left Franklin,
TX mourning the loss of 2 children. The community has significant
damage of ...
Shakespeare's London home where he wrote Romeo and Juliet found, researcher says
ABC News, 14 Apr 2019 04:57Z
A researcher says William Shakespeare wrote some of his most popular works,
including Romeo and Juliet and A Midsummer Night's Dream, at the London home,
in one of the city's wealthiest parishes.
Assaad Razzouk @AssaadRazzouk 14 Apr 2019 05:36Z
Jobs, jobs, jobs: According to the US Bureau of Labor Statistics, solar is
projected to be the fastest-growing job-creation business in the US in the
decade from 2016 to 2026. The second-fastest-growing job? Wind turbine
technician #climate pic.twitter.com/JuLoCCYcqN
Power to the people: Community-owned renewable energy turned on
ABC Goulburn Murray, 14 Apr 2019 06:56Z
A people-powered revolution is taking place in north-east Victoria with the
region's first community-led energy network going live.
Assaad Razzouk @AssaadRazzouk 14 Apr 2019 12:43Z
New satellite photos show climate change is sweeping Europe, with Swedish
forest fires, retreating glaciers and arid cropland attesting to a new reality
Picture below is of lush Belgian fields in July 2017, scorched by heat a
year later buff.ly/2KiMGXN #ActOnClimate pic.twitter.com/Ad4RG2IyaN
Gavin Schmidt @ClimateOfGavin 14 Apr 2019 15:43Z
Record earliest break up in the Nenana Ice Classic.
Debate over climate change dominates Finnish vote
Washington Post, 14 Apr 2019 16:04Z
Helsinki. Voters in Finland are casting ballots in a parliamentary election
Sun after climate change dominated the campaign, even ...
Microsoft's Outlook.com has been compromised for months, email addresses and
subject lines, and more were left exposed
OnMSFT, 14 Apr 2019 16:32Z
If you or someone you contact via e-mail uses Microsoft's webmail services,
such as Outlook.com, then it is possible that you have been involved in a data ...
At Least 3 People Dead As Severe Weather Moves Across Southern US
NPR, 14 Apr 2019 17:29Z
Severe weather that moved across the southern US on Sat left at least
three people dead and ravaged numerous homes in its path. Two children, ages 3 ...
Assaad Razzouk @AssaadRazzouk 14 Apr 2019 17:36Z
Climate Change Could Destroy His Home in Peru. So He Sued an Energy Company
in Germany: Local communities are taking the world's largest polluters to
court. And they're using the legal strategy that got tobacco companies to
pay up wfu.law/b2b #climate #law pic.twitter.com/hGWaeTEmVA
'I'm happy we survived': Businesses look forward to end of Canberra's light
ABC News, 14 Apr 2019 20:24Z
Canberra's new light rail network promised to "generate vibrancy, diversity
of employment and long-term sustainability". Instead, shops have been forced
to close, revenue has dropped and many business owners are unhappy.
European wasp 'super nests' found in WA signal growing problem
ABC News, 14 Apr 2019 21:29Z
Western Australia is the only place in the world to have successfully
stopped the highly aggressive European wasp from taking hold,
prompting experts to declare a biosecurity incident as numbers escalate.
[Interestingly, Eur wasps were typically a sig summer problem after
the 1990s in Melb. But this year they didn't appear at all during the
summer. Maybe too hot. Now in Apr, however...].
Generation lost: Power, privatisation and the shrinking Latrobe Valley
ABC Gippsland, 14 Apr 2019 21:24Z
The rationalisation of the power industry in the 1990s led to widespread job
losses in eastern Victoria, and the impact on community and sporting clubs
is still being felt a quarter of a century later.
''Rock Solid'' Chinese Demand Boosts Oil Prices
OilPrice.com, 14 Apr 2019 21:27Z
The oil market is dramatically tighter than it was only a few months ago,
driven by both supply cuts and outages, as well as by the surprising
"resilience of ...
Volkswagen plans to take on Tesla's Model X in China
CNBC, 13 Apr 2019
Volkswagen plans to build a fully electric SUV for China from 2021, taking
on the Chinese market leader Tesla's Model X.