The clean energy economy is making its mark on global GDP, explain Laura Cozzi, Timur Gül, Thomas Spencer and Peter Levi at the IEA. It accounted for 10% of global GDP growth in 2023, primarily through three activities: manufacturing of clean energy technologies, deployment of clean power capacity, and clean equipment sales. Here, the authors present the in-depth results for four of the largest economies: the U.S, the EU, China and India, which … [Read more...]
EVs, Batteries: how can Europe use tariffs on China without starting a trade war?
Europe must decarbonise as fast as possible while safeguarding essential economic, social and security interests. Decarbonisation without deindustrialisation needs carefully thought-out trade policy, and tariffs can be an effective instrument, explains T&E, summarising its recently released paper. Almost a fifth of all EVs sold in the EU last year were made in China. Over half of those were made by Western carmakers operating in China, but … [Read more...]
France’s €100/month EV “social leasing” plan was oversubscribed, then closed. How to keep the momentum going
On January 1st France launched its flagship EV “social leasing” programme, at a typical price of €100/month, targeting 25,000 users. Within six weeks it was oversubscribed, forcing the government to close the scheme and alter the subsidy regime to accommodate the new total of 50,000. The programme’s popularity demonstrates its relevance and justifies its future expansion. However, the system needs to change if it is to meet the challenges … [Read more...]
Carmakers must stop complaining and meet the 2025 EU CO2 target (like they did in 2020, and profitably)
In 2025, the EU’s car CO2 regulation will require a 15% reduction of fleet emissions from new passenger cars sold in Europe, compared to 2021 figures. But some carmakers are saying this target is unfair, claiming that they cannot control the consumers’ appetite for EVs. They want targets relaxed or fines waived. Julia Poliscanova at T&E explains why their complaints are unwarranted for a number of reasons. Previous deadline dates show that EV … [Read more...]
Who is winning the Clean Energy race between China, Europe, and the US?
“X-Change: The Race to the Top” is the fourth report of an RMI series that reviews the cleantech competition between China, Europe, and the US. Kingsmill Bond, Sam Butler-Sloss and Daan Walter at RMI summarise the findings of the latest report, along with six charts, which focuses on four areas: clean technology supply chains, solar and wind deployment, EV sales, and electrification. Solar and wind deployment is still a close contest. But China … [Read more...]
China’s CATL to cut its EV battery costs by up to 50% this year, heralding a price war
China’s CATL, the world’s largest producer of EV batteries, is saying it will slash the cost of its batteries by up to 50% this year as part of a price war with China’s second largest maker, BYD subsidiary FinDreams. The main cause is the overproduction of batteries in China: the oversupply means prices must fall. Muhammad Rizwan Azhar, Waqas Uzair and Yasir Arafat at Edith Cowan University look at the causes and implications, but add that … [Read more...]
Organic cathode can replace Cobalt in Batteries: similar performance, faster charging, cheaper to make
In most lithium-ion batteries, the cathode contains cobalt. But cobalt is a scarce metal, found mostly in politically unstable countries, its extraction is hazardous for miners and generates toxic waste. And as demand for batteries globally keeps rising, so too will the cost of cobalt. Anne Trafton at MIT describes the development of an alternative cathode made of organic materials. Its structure is similar to graphite. It can conduct electricity … [Read more...]
Roadmap to reduce EU car fleet emissions 86% by 2040
T&E has just published its car decarbonisation roadmap. It shows that the EU’s car CO2 standards, including the phase-out of combustion car sales in 2035, is the single most important emission reduction measure. But if the EU is to hit its newly proposed 2040 climate target - a 90% CO₂ reduction across the European economy by 2040 - it will need to deal with a significant amount of ICE (internal combustion engine) cars already on the road. … [Read more...]
What’s holding up EV adoption? European carmakers are focussing on more profitable SUVs, not affordable cars
European car manufacturers are focussing on more profitable SUV and premium EVs, and this is slowing down the adoption of EVs overall, according to an analysis by T&E. It also means consumers are paying far more than they should be for mass-market compact EVs. To make the point, T&E reveals that the average price of a battery electric car sold in Europe has increased by 39% (+€18,000) since 2015 while in China it has fallen by 53%. If car … [Read more...]
Batteries are still getting exponentially cheaper, more efficient: ready to displace half of global fossil fuel demand by 2045?
A new report by RMI says batteries are on the path to replace 175 EJ of fossil fuel demand in the power sector, 86 EJ of fossil fuels from road transport and can put at risk another 23 EJ from shipping and aviation. That equates to a phaseout of half of global fossil fuel demand in the next two decades. Daan Walter, Sam Butler-Sloss and Kingsmill Bond at RMI summarise the findings in six graphs with explanations. Battery sales are growing … [Read more...]
France is subsidising made-in-EU EVs with low carbon footprints. Europe must follow
Last year, France announced new green eligibility rules for awarding subsidies to EVs. Starting this year, an incentive of €5,000-€7,000 will only be awarded to electric cars with a production carbon footprint below 14.75 tonnes of CO2. It’s a first in environmental policymaking which the EU should be delivering across the region, says Lucien Mathieu at T&E. And not just for environmental reasons. It will promote EVs made in Europe where … [Read more...]
Four net-zero opportunities for 2024: wind, solar, lab-grown meat, positive tipping points
Will de Freitas at The Conversation draws attention to four reasons to celebrate 2023 and their implications for our drive to tackle climate change. Most will be familiar with the continued progress made with wind and solar, though they deserve repeating given its immense significance. Wind turbines now stand more than a quarter of a kilometre high, and will get taller. At that size, one turn of the blade will power an average home in the … [Read more...]
The E-bike revolution is already underway (in developing countries): 280m micro-vehicles on the road and rising
While we’re all still waiting for the tipping point for EVs, it might have already happened for e-bikes – just not in rich countries. Car-owning nations will always struggle to switch to micro-mobility. But in China and other developing nations, owning a moped or bicycle is very common, so the switch is much easier, explain Muhammad Rizwan Azhar and Waqas Uzair at Edith Cowan University. It’s why, globally by 2022, there were over 280m electric … [Read more...]
China is still playing the long game with its ‘new three’: solar cells, lithium batteries, EVs
China’s “new three” – or xin san yang – are solar cells, lithium-ion batteries, and EVs. The term harks back to the concept of its “old three” that were once the pillars of its exports: clothing, home appliances and furniture. China’s success is seen in the numbers: it accounts globally for 80%+ of solar cell exports, 50%+ of lithium-ion batteries and 20%+ of EVs. You Xiaoying, writing for China Dialogue, interviews experts and quotes reports … [Read more...]
Clean energy is driving job growth, but skills shortages are a major barrier
The second edition of the IEA’s annual World Energy Employment report measures energy sector employment by region, fuel, technology, and value chain. Globally, energy employment rose to 67m people in 2022. Over half of employment growth since before the pandemic was in just five sectors: solar, wind, EVs, batteries, heat pumps, and critical minerals mining. In fact, clean energy jobs overtook fossil fuels in 2021. But skilled labour shortages are … [Read more...]
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