A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Global Progress for Clean Energy

The International Energy Agency recently released its 2012 Tracking Clean Energy Progress report, which measures global growth in energy efficiency and advancing clean energy technologies. Combined national targets for electric vehicle adoption have been estimated at 20 million vehicles on the road by 2020; however, the report highlights that significant action will be required if this ambitious objective is to be achieved. Further analysis indicates that clean energy technologies, from electric vehicles to smart grid, can mitigate global warming impacts.
Setting high expectations
The report acknowledges that individual governments have set strong targets for electric vehicle deployment in the 2015 to 2020 timeframe; however, it cautions that to reach these targets sales must nearly double each year between 2012 and 2020, costs must decline, infrastructure must be developed, and consumer choice and confidence will require stimulus.
Lithium battery costs
While noting that lithium battery costs are often cited as a primary challenge for electric vehicle competitiveness with standard gasoline cars, the report recognizes that forecasting future battery costs is difficult. The Department of Energy has set aggressive targets for lithium battery advancement, establishing a cost target of $300/kWh by 2015. If technological improvements continue at the growth rate indicated in this report, the authors believe that future advancements could achieve $325/kWh or less by 2020. This amount could be sufficient to bring electric vehicles relatively close to cost competitiveness with vehicles with internal combustion engines.
Defining the targets for electric vehicle adoption: consumer vs. commercial
An earlier report from IBM indicates that for US consumers vehicle price may be the greatest driver for adopting electric vehicles. Fleet managers in the US have increasingly been considering electric vehicles to help manage fuel cost inflation in addition to emission reduction. Commercial demands will be looking beyond the higher initial purchase price. These fleet managers may focus on the total cost of ownership for the vehicle, including fuel and service costs, as well as corporate sustainability aspects. Electric vehicles will serve a function for delivery services, as predictable delivery schedules and routes make costs easier to forecast and charging easier to manage.



1 comment to Global Progress for Clean Energy

Leave a Reply