NewEnergyNews More: Is Solar Plus EVs The Answer To Climate Change?

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  • Tuesday, February 28, 2017

    Is Solar Plus EVs The Answer To Climate Change?

    Electric cars and cheap solar 'could halt fossil fuel growth by 2020'; Solar power and clean cars are ‘gamechangers’ consistently underestimated by big energy, says Imperial College and Carbon Tracker report

    2 February 2017 (UK Guardian)

    “Falling costs of electric vehicles and solar panels could halt worldwide growth in demand for oil and coal by 2020……[The latest cost reduction projections for the green technologies and countries’ pledges to cut emissions could make solar power and electric vehicles ‘gamechangers’ that] take 10% of market share from fossil fuels within a decade, according to Expect The Unexpected; The Disruptive Power of Low Carbon Technologies. U.S. coal collapsed when it lost 10% loss of its market share and…[an 8% renewables growth caused Europe’s five major utilities to lose] €100bn (£85bn) between 2008 and 2013…[Big energy companies’ business as usual scenarios serious underestimate this transition, the study argues, because solar] could supply 23% of global power generation by 2040 and 29% by 2050…By 2035, electric vehicles could make up 35% of the road transport market, and two-thirds by 2050…Under such a scenario, coal and oil demand could peak in 2020…” click here for more

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