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The US needs 100x more EVs to reach net zero by 2050 – report

The US achieving net zero by 2050 is possible, and a new report released today maps how it can get there with EV adoption at scale. The ICF Climate Center, a climate and environment research arm within global consulting firm ICF, released a new report today, “Zeroing in on Climate Change,” that asserts the US can achieve net zero through three “super solutions”: EVs, building decarbonization, and clean energy. ICF is among the world’s oldest and largest climate consultancies – it’s worked with the Environmental Protection Agency and the US Department of Energy from their inception. The report’s researchers found that US federal agencies, state and local governments, and utilities will need to work together to increase EVs by 100x the current number of EVs on the road, install more than 1 billion decarbonization measures in buildings, and increase renewable energy to 85% of total electricity generation to meet US climate goals. The report also modeled the impact of the Biden administration’s Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA), and found that the two laws alone could reduce enough greenhouse gas emissions to get the US halfway to its climate goals. You can read the full…

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1 year, 3 months ago

Can EVs and solar save the world? The IEA thinks so

The International Energy Agency (IEA) believes that electric vehicles (EVs) and solar power have the potential to contribute significantly to reducing greenhouse gas emissions and addressing climate change. Here are some key points regarding their view in 2023 Net Zero Roadmap: Electric Vehicles (EVs): EVs offer a cleaner alternative to traditional gasoline-powered cars, as they produce zero tailpipe emissions. By replacing conventional vehicles with EVs, we can reduce air pollution and decrease our dependence on fossil fuels. Climate Change Mitigation: The transportation sector is a significant contributor to global carbon dioxide emissions. Switching to EVs powered by renewable energy sources could help decarbonize this sector and reduce its impact on climate change. Renewable Energy Transition: Solar power is one of the most abundant renewable energy sources available. By adopting solar technology for electricity generation, we can reduce reliance on fossil fuel-based power plants, which currently contribute to a substantial portion of global CO2 emissions. Synergistic Effects: Combining EVs with solar power creates synergistic effects. EV owners can charge their vehicles using solar panels at home or at public charging stations powered by solar energy. This integration helps reduce overall carbon emissions from both the transportation and electricity sectors. Energy Storage…

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1 year, 3 months ago

US Added Over 188K EV-Related Jobs In Recent Years, Include Vingroup (Parent company of VinFast)

In the last few years, automakers have embarked on a factory-building boom in the US thanks to friendly EV policies and generous federal and state subsidies. A new interactive map points to where EV investments are exactly concentrated while also highlighting the subsequent number of jobs created. In recent years, $154 billion worth of EV investments have generated 188,000 jobs, according to Blue Green Alliance Foundation and Atlas Public Policy’s data. The majority of the jobs and investments appear to be concentrated in the mid-west and the south, with EV-related economic activity also spreading to the east and west coasts. From a total of 319 facilities, 32 percent are located among disadvantaged communities, potentially boosting local economies, and opening up rural employment opportunities. Moreover, 25 percent of the facilities are unionized, more than double the US average of 10 percent, as per the Bureau of Labor Statistics. The data also showcases the rise of EV-related jobs over the years. In 2010, just three facilities accounted for 2,700 jobs. Since then, the figure has soared to nearly 80,000 jobs added in 2022 alone from 101 facilities. Vingroup (VinFast’s parent company) ranked 8th with 7.5k new EV jobs. The states with leading…

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1 year, 4 months ago

Over 50% Of American Homes Are Unprepared For Safe EV Charging

Range anxiety and long charging times are some of the more pressing challenges the electric vehicle industry faces today. But these aspects arguably overshadow some underlying issues that require equal, if not more attention, like a proportionate upgrade of the electricity grid, and the safety of electrical systems in homes. The Electrical Safety Foundation (ESFI) recently conducted a consumer survey to understand the compatibility of American homes with safe EV charging. ESFI discovered that more than 50 percent of US homes don’t have electrical systems ready for the continuous load that EV charging demands. 63 percent of respondents said that they scheduled a home inspection before installing electric vehicle supply equipment (EVSE), and 54 percent of homes required an electrical panel upgrade. Even though 75 percent of EV owners did not face any charging issues, eight percent of them had received an electrical shock. Using manufacturer-approved and certified charging equipment is vital in ensuring the safety of your home and your EV. InsideEVs recommends using EV charging equipment that adheres to safety standards from UL, ETL, TUV, or CSA, and buyers should ensure that the unit contains a printed label. EV charging often involves large quantities of current flow over…

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1 year, 4 months ago

California Tops US EV Adoption: 25% EV Share Of Total Sales In 2023

It’s no secret that the pace of electric vehicle adoption varies greatly from state to state, with California being the undisputed leader in this respect, as opposed to some midwestern and southern states where EV sales are among the lowest in the nation. While EV adoption is on the rise nationwide, electric vehicle market share is far from being homogenous, as pointed out by BloombergNEF’s latest research that takes a detailed look at the speed of adoption across all US states. A total of 972,000 EVs were sold in the US last year, up from 652,000 the year before. Things are looking even better in the first half of 2023 as the EV share of car sales rose to 9 percent stimulated partially by the implementation of the Inflation Reduction Act that introduced new subsidies for consumers, carmakers, and battery producers. If the trend continues, BloombergNEF forecasts EV sales to make up 23 percent of total US passenger car sales in 2025 and 51 percent by 2030. Until that happens, current EV share of passenger vehicle sales data at state level for the first half of 2023 highlights some stark differences between states. Unsurprisingly, California recorded the highest EV share…

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1 year, 4 months ago

38% Of American Cars Were Electric In 1900 – What about in the future?

In our modern era, we may assume that electric cars are new technology. But there was a period in America a long time ago when about 30% of all cars were electric. Starting point of Electric Vehicle history In 1898, Dr. Ferdinand Porsche, when 23 years old, built his first car, and it was the Lohner Electric Chaise. Also in 1898, Count Gaston de Chasseloup-Laubat of Paris set a world speed record in a car, which happened to be in his electric Jeantaud. The speed record was 39.245 mph (62.8 km/h), but that was crushed a few days later by another electric car that went 65.79 mph (105.88 km/h). First electric cars (1830-1880) By 1900, in the United States, 38% of US automobiles, 33,842 cars, were powered by electricity (40% were powered by steam, and 22% by gasoline). This information might sound like some crackpot Internet hoax, but if you look at the sources, you can easily see they are credible. The US Dept. of Energy’s page on the history of the electric car states, “By 1900, electric cars were at their heyday, accounting for around a third of all vehicles on the road. During the next 10 years, they…

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1 year, 4 months ago

6 interesting facts about EV and Pros-Cons you should know

Electric vehicles are not a passing trend; they become more affordable each year and consumers are becoming more comfortable with the idea of plugging in instead of fueling up. A recent survey found that some interesting electric car facts: The first electric vehicle was created in 1832. (Energy.gov) An EV would cost only $1.22 in energy to travel the same distance as a gallon of gas, which currently averages $3.83. (Energy.gov, AAA) The majority of EV car sales are in three markets: China, Europe and the United States. China leads the way with 60 percent of EV car sales globally. (IEA) EV car usage is on target to avoid the use of 5 million barrels of oil per day by 2030 (IEA) 77 percent of people who want to purchase an electric vehicle cite saving money on gas as the primary reason. (AAA) More than one-third of Americans would “definitely” or “seriously consider buying an electric vehicle if they were to purchase a new car today (Consumer Reports). Pros and cons of electric cars Electric vehicles have come a long way in the last few years, but still have much more room for improvement. In addition to the electric car…

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1 year, 4 months ago

The fire rate of electric vehicles is 61 times lower than that of gasoline vehicles

Only 25 out of 100,000 all-electric vehicles are likely to catch fire, compared to more than 1,500 gasoline vehicles and nearly 3,500 hybrid vehicles, according to research from National Transportation Safety Board data. American National Institute (NTSB). The rate of electric vehicles burning is extremely low The recent study was conducted by AutoInsuranceEZ, an American insurance company, based on data from the National Transportation Safety Board (NTSB), Bureau of Transportation Statistics (BTS) and recall data. According to the US Government, vehicles with internal combustion engines have a significantly higher number of fires than fully electric vehicles. Accordingly, battery electric vehicles have only a 0.025% chance of catching fire, compared to 1.5% for internal combustion engine vehicles and 3.4% for hybrid vehicles. The study revealed that petrol and diesel vehicles experienced 1,530 fires per 100,000 vehicles, while only 25 out of 100,000 all-electric vehicles caught fire. This means that the fire rate of electric vehicles is only 1/61 compared to cars using gasoline and oil. In an interview with Forbes earlier this year, Richard Billyeald, CTO of Thatcham Research – the leading auto and motorbike insurance research center in the UK, said that electric vehicles generally have a lower risk of…

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1 year, 4 months ago

Electric-vehicle buyers demand new experiences – Opportunity for EV brands as VinFast to develop

Source: Mckinsey Research – Electric-vehicle buyers demand new experiences Consumer attitudes toward electric vehicles are changing fast—and so are expectations of the car-purchasing experience. When buying an electric vehicle, consumers want an experience that matches their expectations of the car itself. That is, something exciting and innovative but also reliable and predictable. They expect to both transact online and negotiate with a real person, and they still need to take a test drive. However, the overall experience needs to be more seamless, more personalized, and more flexible than it was in the days of forecourt walkarounds. These are some of the findings of McKinsey’s latest Future of Auto Retail consumer survey, which polled more than 4,000 respondents globally, focusing on consumer sentiment around electrification, the car-purchasing experience, and innovations in automotive retail. The findings show that consumers expect an excellent experience but are not always sure that the industry is ready to meet their needs. In this article, we show how growth in demand for electric vehicles (EVs) is shaping the automotive retail journey. While consumers enjoy digital interactions, they are concerned about factors including opaque pricing, complexity in the configuration process, and variability between dealer offerings. When it comes…

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1 year, 4 months ago

E-VIN TIPs & TRICKs Episode 3: Solar Energy and Your VinFast VF 8 — The Perfect Combo!

Great news for all VinFast enthusiasts! Our latest episode of “E-VIN Tips and Tricks is an absolute must-watch. Our charismatic host takes us on an intriguing journey into the EV world alongside three special guests: Athena and Tabatha, proud VinFast VF 8 owners, and Leo, an authority on solar energy. Our host – Ms.Thuy Van, Athena, Tabatha, and Leo engage in an enlightening discussion. Athena: Unveiling the Convenience of Charging Athena, a proud VF 8 owner since June, speak candidly about her charging habits. She appreciates the accessibility of public charging stations but after learning the perks from Leo, is seriously contemplating the integration of solar panels into her home charging setup. Athena reveals her current VF 8 charging methods and shows interest in solar solutions for the future. Tabatha: From Skeptic to Solar Advocate Tabatha, a realtor by profession, narrates her evolution from a solar skeptic to an enthusiast. After encountering challenges with public charging, she opted for a home charging station. Tabatha speaks on her staggering reduction in fuel expenses, which now equate to only a mere 10% of her previous gasoline costs. Tabatha highlights her transformative journey with VF 8 and the financial freedom gained through home…

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1 year, 4 months ago