Timing A Move To New Energy
Facing Charges: What's your renewable tipping point?
David Fraser, 25 August 2019 (BBC News)
“…The humble battery is emerging as a financially viable pivot around which much of the new energy sources can work…Prices have plummeted and density has soared, meaning battery back-up can compete with more conventional sources of power…New developments include giant industrial battery parks as well as home cells, letting householders automatically sell power into the grid as prices rise…[Also, the high capital and lower running costs of an EV now] undercut the lower upfront and higher fuel costs of an ICE (internal combustion engine)…
…[Car batteries still must find a way to] offer a longer range, to reassure owners they won't get stuck on a long journey with a powerless car…[and charging infrastructure must be developed and built out so that] the notional 'cost' of finding a charging point, finding it available, plugging in, the time spent waiting, minus the activities to keep you busy while it charges, fall below the alternative ‘cost’ of refuelling at a conventional petrol station…[Estimates range from 3 years to 2 decades for when the EV tipping point will] be reached…” click here for more