EDITOR'S CHOICE

New Study Debunks Common Misconception About Economic Growth In Coming Decades: 'This Is A Significant Breakthrough'

12 Dec 2024 | Synopsis

"A recent study published by researchers from the Potsdam Institute for Climate Impact Research in Germany examined trends of air pollution and economic growth levels across 1,500 subnational regions...found that countries can continue experiencing economic growth while cutting back on harmful carbon pollution...Thirty percent of regions … have fully decoupled."

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The US Reaches Milestone Of 200,000+ Public EV Charging Ports

11 Dec 2024 | Synopsis

"...US Joint Office of Energy and Transportation Q3 2024 update on August 30 showed an increase in three months of around 9,000 ports to nearly 192,000 public EV charging ports.

"As of September 30, 2024, drivers can travel almost 58% of the busiest corridors in the country with a DC fast charger available every 50 miles, and by the end of 2025, that availability is expected to reach 70%."

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Scientists Make Breakthrough With Simple, Cost-Effective Method To Recycle Old Batteries: 'Holds Great Potential'

11 Dec 2024 | Synopsis

"...rejuvenating baths can restore the crucial battery parts to nearly pristine conditions...the process includes cathode immersion in a replenishing solution that puts lithium ions back in the electrode, bringing it to its original state...

"The direct recycling of discarded electric vehicle batteries holds great potential for significantly reducing carbon emissions and establishing a circular resource economy."

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Largest Electric Aircraft Ever to Fly Will Take Off From New York Airport in 2025

11 Dec 2024 | Synopsis

"The first true outing of the plane in the medium where it's supposed to operate aims to "validate the capabilities [of the] electric propulsion technology" that goes into the plane. A tech that hasn't been fully detailed...The undisclosed propulsion system of the demonstrator comprises four electric motors, each spinning a single propeller

"[Heart] has chosen the location from where it will send the machine into the sky for the first time: the Plattsburgh International Airport in New York."

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Elon Musk and Donald Trump: A Modern-Day Teapot Dome Scandal Waiting To Happen

11 Dec 2024 | Synopsis

"One hundred years ago, a massive scandal over energy issues exposed the corrupt presidency of Warren G. Harding, discrediting his Republican administration...A similar but potentially even more profound energy scandal is now unfolding under the President-elect...Elon Musk, the world's richest man, got that way in part due to federal government help...the richest man in the world, who helped bankroll Trump's presidential campaign and who benefits from billions of dollars in federal contracts for SpaceX, is using that influence to undercut U.S. competitiveness in the key emerging manufacturing sector of electric vehicles."

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EV Battery Lifetime Is Longer In The Real World, Not The Lab

09 Dec 2024 | Synopsis

"Manufacturers can't spend 10 years confirming that a new model will last for 10 years, so battery lifetime is normally tested by charging and discharging rapidly through hundreds or thousands of cycles.

"We've not been testing EV batteries the right way...

"...real driving with frequent acceleration, braking that charges the batteries a bit, stopping to pop into a store, and letting the batteries rest for hours at a time, helps batteries last longer than we had thought based on industry standard lab tests."

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Nuclear Power Twice As Expensive For Australia As Renewables: Report

09 Dec 2024 | Synopsis

"GenCost found that a nuclear SMR over a 60-year timeframe would cost up to 222 Australian dollars ($141.9) per megawatt hour (MWh) of electricity produced...By comparison, it said that a 60-year solar project would generate electricity at a maximum cost of 68 AUD ($43.4) per MWh, including the cost of a complete rebuild after 30 years. A 50-year wind farm, including a rebuild after 25 years, would cost up to 108 AUD ($69) per MWh."

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5 Ways AI Is Helping Spur The EV Era

09 Dec 2024 | Synopsis

"Whether through preventative maintenance alerts or vehicle personalization, artificial intelligence is making electrical vehicles more attractive.

"AI can optimize battery management and energy efficiency, ensuring that EV batteries operate at peak performance while maintaining long-term health.

"...perhaps the biggest advantage...the ability to monitor driving conditions and adjust battery usage accordingly can help improve battery range, thus alleviating 'range anxiety' for drivers..."

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BYD On Track to Surpass Honda And Ford In Cars Sold This Year

09 Dec 2024 | Synopsis

BYD, China's leading EV maker, is projected to exceed global sales of Ford and Honda in 2024. With over 3.76 million vehicles sold from January to November, BYD's sales outpace Ford's 2.04 million and Honda's 3.93 million. Despite economic challenges, BYD's success highlights the growth of the EV market and Chinese automakers' increasing dominance in this space. Sales numbers are updated by AI. Fortune subscription required.

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EVs And Hybrids Hit A Record High In US Sales In Q3 2024

08 Dec 2024 | Synopsis

"In Q3, the combined sales of hybrid, plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs) made up 19.6% of all new light-duty vehicle sales...The growth in Q3 was primarily driven by hybrids... hybrids now account for 10.8% of the market – a record high.

"Most of the BEVs sold in the US are now produced close to home. In Q3, 78.9% of BEVs sold in the US were made in North America..."

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ConnectDER Will Expand Distributed Energy Products Business

08 Dec 2024 | Synopsis

ConnectDER now has two products available that can save home and business owners thousands of dollars. Both are meter socket adapters

"IslandDER provides that critical islanding capability needed to allow those with rooftop solar systems to use their self-generated electricity during outages.

"ConnectDER also makes a meter socket adapter that allows EV owners to charge their vehicles without the need for an expensive electrical panel upgrade."

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New Electric Vehicle Financing Grows More Than 30% Year-Over-Year, According to Experian Report

08 Dec 2024 | Synopsis

"Following several quarters of incremental growth, consumer interest in electric vehicles (EVs) re-emerged in the third quarter of 2024. EVs accounted for 10.06% of new vehicle financing during the quarter - growing more than 30% compared to the previous year.

"Nearly 66% of prime borrowers chose to finance a used vehicle in Q3 2024, up from 65.47% the previous year...the average loan amount for a used vehicle was $26,091 in Q3 2024, down $1,195 from the previous year."

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