e US Energy Information Administration (EIA) stated in May that the future of the US nuclear power fleet depends mostly on natural gas prices and carbon policies. [...]more aggressive policies are needed to decarbonize the transport sector. [...]demand for natural gas fired power stations – all those EVs need to be charged after all – will increase 20% if half the cars on US roads were electric. While concerns such as a “cobalt cliff” exist and demand implications could present a temporary speedbump, the constraints and uncertainties should be addressable. Since battery costs make up 40–50% of your average vehicle, costs for the unit would have to fall to below $100 per kilowatt hour from $220–$225/kwh today to “achieve cost parity with ICE vehicles,” McKinsey calculated
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