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When will it be cheaper to buy an EV than a gas car?
Right now, the sticker price on an EV is higher than its conventional counterpart. One of the Department of Energy’s key goals is to develop battery technology that costs the same as an internal combustion engine (ICE). However, it’s unclear exactly when and how far these prices will decline but the picture is coming into better focus. According to Utility Dive, the Electric Power Research Institute (EPRI) estimates that the current cost per kilowatt-hour (kWh) for EV batteries is between $120/kWh and $200/kWh at the battery pack level, which includes an integrated battery management system and thermal management. The DOE’s goal is to create a battery pack that costs $80/kWh by 2030, which is price parity with conventional cars, while EPRI says that the best case would be $55/kWh by 2030. The price also depends on the size of the battery pack. Battery electric vehicles with 40 kWh packs, which amounts to about a 160-mile range, “are already at initial cost parity with ICE vehicles today, and have a far smaller lifetime cost of ownership when including maintenance, fueling, etc,” according to EPRI. At $80/kWh, vehicles with 60kWh packs would achieve initial cost parity with ICE vehicles, EPRI estimates.
by Ashira Morris, ODP Staff Writer Power plants won’t get a free pass from the Trump administration’s industry-friendly Affordable Clean Energy rule. A federal appeals court struck down the EPA’s proposed plan, which would have dramatically reduced regulation of greenhouse gas emissions from power plants. In the ruling, the court called the plan a “fundamental […]
by Natasha Lasky, ODP Staff Writer President-elect Joe Biden is expected to implement an executive order to cancel the Keystone XL pipeline permit on his first day in office. The story broke in CBC news, though they did not identify their sources. Apparently “Rescind Keystone XL pipeline permit” was written on a transition briefing note […]
Wind power has overtaken coal as a proportion of Texas’s power for the first time and promises to continue growing. In 2020, wind power made up almost a quarter of Texas’s total power, compared to just 18% from coal.
Why This Matters: Texas is the nation’s largest producer of both wind energy and fossil fuel energy.
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