The EV transition is real

Discussion in 'Economics' started by VicBee, Apr 19, 2024.

  1. mervyn

    mervyn

    that’s what your hybrid does, have to plug in to recharge the battery, not from the alternator while engine is running. my benz dealer told me no for all mb current lineup of hybrids, good for 60 miles on battery alone, have to charge via the outlet.

    bloomberg video claims that their new car can go from nyc to miami with 1 full tank of gas and 1 fully charged battery. idk maybe the car has 50 gallons tank.
     
    #101     May 29, 2024
  2. ironchef

    ironchef

    The Clarity can charge the battery, using its own ICE engine, to its full 50 mile range.

    But I admit I don't know if it uses its alternator or reverse the electric motor to recharge.
     
    #102     May 29, 2024
    murray t turtle likes this.
  3. SunTrader

    SunTrader

    (MORNINGBREW)

    ENERGY
    The AI Boom Is No Friend of the Green Energy Transition
    The technology of the future relies on a source of energy deployed by Paleolithic cave dwellers. As juice-sucking tech firms battle for artificial intelligence supremacy, the coal industry has been cleaning up.

    What’s an UNLESS?
    So it goes for fossil fuel purveyors. Like Dr. Seuss’ Lorax, Joe Biden has tried to bill himself as one who “speaks for the trees,” targeting a carbon pollution-free energy sector by 2035. However, his presidency has involved some Once-ler flair, too. For the past six years, the US has produced more crude oil than any nation at any time, according to the US Energy Information Administration. Renewable energies like hydro, wind, and solar comprise about 21% of the country’s electricity generation. That’s progress, but it’s roughly a third of the demand covered by fossil fuels.

    It’s not just AI firms hogging all the juice. Cloud data processing and quantum computing require plenty of power, and a lot of it comes from dirty sources. Crypto mining accounts for 0.6% to 2.3% of all electricity used in the US and is more likely to keep fossil fuel operations humming than pave the way for renewable energy, one Princeton professor told The New York Timeslast year. Just look at the top 10 stocks and the top five performers on the S&P 500, and it’s easy to see how big tech firms and energy companies feed off of each other.

    Now, as the AI race ramps up and energy demands rise, coal power operators are delaying plans to shutter certain facilities:

    • By the end of the decade, operators plan to cut only 54 gigawatts of US coal power generation assets, a 40% downward revision from last year, the Financial Times reported. Alliant Energy had intended to convert a Wisconsin coal-fired plant to gas next year but just delayed it to 2028. FirstEnergy ditched plans to phase out coal operations by 2030 due to “resource adequacy concerns.”
    • This isn’t to say the coal market is growing, but it also won’t be significantly shrinking — though past its glory days, coal still accounts for about 16% of generated electricity.
    [​IMG]The Road Less Traveled: New technologies to help mitigate fossil fuel usage are having a rough go of it, too. Though drivers are switching from combustion engines to their battery-powered counterparts, it hasn’t been a 0 to 60 in 3.5 seconds transition. EVs still make up only 1% of all cars on US roads, meaning it will be quite a while before gas stations are as obsolete as window cranks.

    Written by Griffin Kelly
     
    #103     May 31, 2024
  4. Fain

    Fain

    you don’t need parity. Their homes have charging as well. Contrast to gas and nobody fills,up,their car at home
     
    #104     May 31, 2024
  5. SunTrader

    SunTrader

    As I highlighted above, 1% of all cars on the road currently says it all.
     
    #105     May 31, 2024
  6. Fain

    Fain

    you,can’t see the future and can’t see the trade. Millionaire and billionaires already made from the EV rush, myself included.

    https://www.bloomberg.com/news/arti...s-pass-adoption-tipping-point-in-31-countries

    EV is taking over, and a commodity super cycle in battery metals,to fuel the demand as we are seeing.
     
    #106     May 31, 2024
  7. SunTrader

    SunTrader

    #107     May 31, 2024
  8. VicBee

    VicBee

    The 1% doesn't reflect reality. It's simply taking total number of EVs to total number of ICE vehicles. It's not so uncommon for households to own multiple vehicles, including an EV (at least in California); Jay Leno skews the data with that calculation.
    Instead you have to look at % of EV to ICE registrations and despite the fud, 2024 EV sales are expected to increase by 20% from 2023.

    https://www.iea.org/reports/global-..., electric car sales,to remain robust in 2024.

    Maybe you can only see that 1%
     
    #108     May 31, 2024
  9. SunTrader

    SunTrader

    On the road, not sales, not sales growth ... on the road, in use today.

    + + +

    Off-topic ever go to Hawker Chan?
     
    #109     May 31, 2024
  10. VicBee

    VicBee

    On the road means registered vehicles. Jay Leno has over 180 cars, most of which I assume are registered. Yet he could be driving an EV as a daily driver which still represent only 1% of his registered vehicles.
    I continue to frame transition to EV as a timed event. California and several other states have a 2035 deadline to end the sale of ICE vehicles. Government priority should be to ensure charging infrastructures are in place to absorb the increased % of EVs on the road.

    Yes, we went to it while walking around when we first arrived. I'm not sure they had a star then but it was a popular place.There are now other hawker shops with a Michelin star. Hawker Chan has become a tourist attraction, prices have increased and they priced themselves out of hawker goers.
     
    #110     May 31, 2024