Quantcast
Business
Felix Kramer / Wikimedia

Electric Vehicles Enter the Here and Now

By Jason Mathers

The high level of confidence that automotive industry leaders have in the future of electric vehicles (EVs) has been on full display recently.


In just the past few weeks:

This spurt of corporate announcements has been paired with a bevy of statements of international leadership:

  • France declared it would be all electric by 2040.

These developments are more than just excitement about an emerging solution. They are indicators that the market for EVs is developing faster than anticipated even just last year.

Consider the findings of a new report from Bloomberg New Energy Finance:

"[L]ithium-ion cell costs have already fallen by 73 percent since 2010."

The report updated its future cost projections to reflect further steep cost reductions in the years ahead, with a price per kilowatt-hour in 2025 of $109 and in 2030 of $73.

Cost reductions on this order would result in EVs achieving cost parity with some classes of conventional vehicles by 2025—and across most vehicle segments by 2029, according to the report. EV sales are expected to really take off once they achieve cost parity with conventional vehicles, as the vehicles are significantly less expensive to fuel and maintain.

The acceleration in the EV market is great news for climate protection, too. A recent assessment found that zero-emission vehicles, such as EVs, need to comprise 40 percent of new vehicles sold by 2030 in order for the automotive sector to be on a path to achieve critical mid-century emissions targets. With the momentum in the EV market, we have a critical window to further boost this market by ensuring greater access of electric vehicles and a cleaner electric grid to power them.

Unfortunately, the U.S. has not demonstrated the same appetite for national leadership on EVs as other countries. Even worse, we are going in the wrong direction—with serious implications for our health, climate and economy.

Instead of leading, the Trump Administration is undermining critical clean air and climate protections including the landmark clean car standards for 2022 to 2025. The actions of individual automakers, however, tell a very different story from the "can't do it" mantra put forth by the administration.

In their commitments, investments and new product introductions, automotive manufacturers and their suppliers are clearly telling us that low emissions vehicles can play a much bigger role in the near future.

The fact is that automakers can meet the existing 2022 to 2025 federal greenhouse gas standards through deployment of current conventional technology alone. Now, in addition to the robust pathway automakers have through existing technologies, EV adoption rates in the U.S. will be 10 percent in 2025 if the Bloomberg New Energy Finance forecasts hold true. This is further proof that the existing standards are highly achievable. Rather than weaken the standard, the administration should be pursuing options to further scale EVs over the next decade.

Investing in clear car solutions is sound economic policy. These investments enhance the global competitiveness of the U.S. automotive sector.

This is why the UAW in a letter supporting the existing 2022 to 2025 clean car standards, noted:

"UAW members know firsthand that Corporate Average Fuel Economy (CAFE) and greenhouse gas (GHG) standards have spurred investments in new products that employ tens of thousands of our members."

Like other key aspects of the potential of the emerging EV marketplace, the role it can play as an employer has been in the news recently, too.

An AM General assembly plant in northern Indiana was acquired by electric vehicle manufacture SF Motors. The company announced that it will make a $30 million investment in the facility and keep on all the 430 employees.

Fittingly, most of the 430 jobs that were saved to manufacture an emerging, clean technology are represented by UAW Local 5—the oldest continuously operating UAW Local in the country.

Show Comments ()

EcoWatch Daily Newsletter

Sponsored
Popular
The Revelator

Interactive Map: Air Pollution in 2100

By Dipika Kadaba

Having a little trouble breathing lately? That's no surprise. Air pollution is already bad in many parts of the country, and climate change is only going to make it worse. Even though many industries are reducing their emissions, a warming climate could actually offset these reductions by intensifying the rates of chemical reactions and accumulation of pollutants in the environment.

Keep reading... Show less
Health
ddukang / iStock / Getty Images Plus

Is Apple Cider Vinegar Good for You? A Doctor Weighs In

By Gabriel Neal

When my brother and I were kids back in the '80s, we loved going to Long John Silver's.

Keep reading... Show less
Animals

Dumpster Debacle Distracts From Serious Spike in Whale Deaths

This week, a video of a failed attempt to put a dead, 4,000-pound whale into a tiny dumpster made the rounds on the internet, garnering chuckles and comparisons to Peter Griffin forklifting and impaling a beached sperm whale on Family Guy.

The juvenile minke whale washed up on Jenness Beach in Rye, New Hampshire on Monday morning, NBC 10 Boston reported. It was found with entanglement wounds, so researchers with the Seacoast Science Center and the National Oceanic and Atmospheric Administration (NOAA) wanted to move the carcass from the beach to a lab for a necropsy to study its death.

Keep reading... Show less
Adventure
Muir Woods, which costs $10 for entry, will have free entry on Sept. 22. m01229 / Flickr / CC BY-NC 2.0

Visit Any National Park for Free This Saturday to Celebrate 25th National Public Lands Day

If you're stuck for plans this weekend, we suggest escaping your city or town for the great outdoors.

This Saturday marks the 25th National Public Lands Day, organized by the National Environmental Education Foundation (NEEF).

Keep reading... Show less
Sponsored
Climate
A glacier flows towards East Antarctica. NASA Goddard Space Flight Center / CC BY 2.0

Temperatures Possible This Century Could Melt Parts of East Antarctic Ice Sheet, Raise Sea Levels 10+ Feet

A section of the East Antarctic Ice Sheet that contains three to four meters (approximately 10 to 13 feet) of potential sea level rise could melt if temperatures rise to just two degrees above pre-industrial levels, a study published in Nature Wednesday found.

Researchers at Imperial College London, the University of Queensland, and other institutions in New Zealand, Japan and Spain looked at marine sediments to assess the behavior of the Wilkes Subglacial Basin during warmer periods of the Pleistocene and found evidence of melting when temperatures in Antarctica were at least two degrees Celsius above pre-industrial levels for periods of 2,500 years or more.

Keep reading... Show less
Energy
Oil well in North Dakota. Tim Evanson / Flickr / CC BY-SA 2.0

Pipeline Leaks 63,840 Gallons of Produced Water in North Dakota

A pipeline released 63,840 gallons (1,520 barrels) of produced water that contaminated rangeland in Dunn County, North Dakota, the Bismarck Tribune reported, citing officials with the North Dakota Department of Health.

Produced water is a byproduct of oil and gas extraction, and can contain drilling chemicals if fracking was used.

Keep reading... Show less
Sponsored
Insights
Residents stand in a long queue to fill water containers on May 27 in Shimla, India. Deepak Sansta / Hindustan Times / Getty Images

World Peace Requires Access to Safe Water

International Peace Day is Sept. 21. Mekela Panditharatne, attorney with the Natural Resources Defense Council, submitted the following op-ed to EcoWatch in commemoration.

In drought-ravaged East Africa, the cracks in the plains echo the fault lines splitting tribes.

Across the globe, the devastation of deadly brawls is being exacerbated by tensions over access to water. Water crises, often worsened by governance failures, can portend warning signs for instability and conflict. This year, the World Resources Institute cautioned that water stress is growing globally, "with 33 countries projected to face extremely high stress in 2040." The effects of such water stress span the gamut from civil unrest to open warfare.

Keep reading... Show less
Food

How Your Personality Type Could Influence Your Food Choices

By Melissa Kravitz

"You are what you eat" may be one of the oldest sayings ever to be repeated around the dinner table, but can you also eat what you are?

Keep reading... Show less
Sponsored

mail-copy

The best of EcoWatch, right in your inbox. Sign up for our email newsletter!