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
Climate
In 2018, the Arctic region had the second-lowest overall sea-ice coverage on record. NOAAPMEL / YouTube

The Past 5 Years Were the Arctic's Warmest on Record

The Arctic is still warming at twice the rate of anywhere else on Earth, and the region's air temperatures in the past five years between 2014-2018 have exceeded all previous records since 1900, according to a peer-reviewed report released by the U.S. National Oceanographic and Atmospheric Administration (NOAA) on Tuesday.

The agency's 13th annual Arctic Report Card also concluded that 2018 was second only to 2016 in terms of the region's overall warmth.

Keep reading... Show less
Science
Partial solar eclipse. ndersbknudsen, CC BY 2.0

3 Key Dangers of Solar Geoengineering and Why Some Critics Urge a Global Ban

By Justin Mikulka

A Harvard research team recently announced plans to perform early tests to shoot sunlight-reflecting particles into the high atmosphere to slow or reverse global warming.

These research efforts, which could take shape as soon as the first half of 2019, fall under the banner of a geoengineering technology known as solar radiation management, which is sometimes called "sun dimming."

Keep reading... Show less
Climate
Even an increase of 2°C would cause significant sea level rise. pxhere

Report: Current Climate Policies Will Warm the World by 3.3˚C

This past October, a widely disseminated United Nations report warned that far-reaching and significant climate impacts will already occur at 1.5˚C of warming by 2100.

But in a study released Tuesday, researchers determined that the current climate polices of governments around the world will push Earth towards 3.3˚C of warming. That's more than two times the aspirational 1.5˚C target adopted by nearly 200 nations under the 2015 Paris agreement.

Keep reading... Show less
Food
garett_mosher / iStock / Getty Images

McDonald's to Reduce Antibiotics Use in Beef

In a significant win in the fight to save antibiotics, McDonald's—the largest and most iconic burger chain on the planet—announced Tuesday that it will address the use of antibiotics in its international supply chain for beef by 2021.

Keep reading... Show less
Sponsored
Insights/Opinion
Protesters clashes with riot police on Foch avenue next to the Place de l'Etoile, setting cars ablaze during a Yellow Vest protest on Dec. 1 in Paris. Etienne De Malglaive / Getty Images

The Lesson From a Burning Paris: We Can’t Tax Our Way Out of the Climate Crisis

By Wenonah Hauter

The images from the streets of Paris over the past weeks are stark and poignant: thousands of angry protesters, largely representing the struggling French working class, resorting to mass civil unrest to express fear and frustration over a proposed new gas tax. For the moment, the protests have been successful. French President Emmanuel Macron backed off the new tax proposal, at least for six months. The popular uprising won, seemingly at the expense of the global fight against climate change and the future wellbeing of our planet.

Keep reading... Show less
Popular
Rainbow Mountains in Vinicuna, Perú. Megan Lough / UI International Programs / CC BY-ND 2.0

7 Reasons Why #Mountains Matter

December 11 is International Mountain Day, an annual occasion designated by the United Nations to celebrate Earth's precious mountains.

Mountains aren't just a sight to behold—they cover 22 percent of the planet's land surface and provide habitat for plants, animals and about 1 billion human beings. The vital landforms also supply critical resources such as fresh water, food and even renewable energy.

Keep reading... Show less
Sponsored
Popular
Tetra Images / DigitalVision / Getty Images

Don’t Stress About What Kind of Christmas Tree to Buy, but Reuse Artificial Trees and Compost Natural Ones

By Bert Cregg

Environmentally conscious consumers often ask me whether a real Christmas tree or an artificial one is the more sustainable choice. As a horticulture and forestry researcher, I know this question is also a concern for the Christmas tree industry, which is wary of losing market share to artificial trees.

Keep reading... Show less
Climate
The Woolsey Fire seen from Topanga, California on Nov. 9. Peter Buschmann / Forest Service, USDA

Hotter Planet Makes Extreme Weather Deadlier, New Study Finds

By Jake Johnson

With people across the globe mobilizing, putting their bodies on the line, and getting arrested en masse as part of a broad effort to force the political establishment to immediately pursue ambitious solutions to the climate crisis, new research published on Monday provided a grim look at what the future will bring if transformative change is not achieved: colossal flooding, bigger fires, stronger hurricanes and much more.

Keep reading... Show less
Sponsored

mail-copy

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