EVs

The energy transition is accelerating, Ernst & Young global energy leader Benoit Laclau has warned grid operators, thanks to the confluence of digitization, decentralization and decarbonization. Traditional utilities must get with the program or be swept aside.

The Chinese lithium-ion battery producer has taken significant stakes in two U.K. entities associated with a mine which could hold up to 8.8 million tons of the raw material in clay deposits.

The new government’s chief policy thinktank has suggested banning sales of non-electric two and three wheelers in 2025 and cars, trucks and buses five years later as well as forcing public fleets and the cars used by ride hailing apps to be electric.

A report on the prospects for a mooted $2.6tn electric vehicle market over the next decade says PHEVs – part electric, part gas-guzzling – are already losing market share rapidly to pure electric rivals, and will be extinct by 2030.

Among 45 critical energy technologies and sectors assessed in a tracking report by the International Energy Agency, only seven are keeping hopes alive that climate, energy access and air pollution goals can be met.

Electric vehicles could account for more than half of all passenger cars and buses sold throughout the world within the next two decades, according to a new report by BloombergNEF. Sliding lithium-ion battery costs will make EVs cheaper than vehicles based on internal combustion engines by the mid- to late-2020s, the research firm says.

Coming hot on the heels of major reports and a heated public debate about electric vehicles, a poll commissioned by the Climate Council has confirmed Australians believe electric cars are the future. Another poll, by The Australia Institute, has 50% of Australian voters supporting all car sales being electric by 2025.

The storage supplier will set up a mixed-asset virtual power plant that will initially aggregate up to 2 MW of capacity as the first phase of a planned smart local energy system in southern England. Moixa aims to eventually scale the VPP up to 17 MW.

The Dendo Drive House includes a solar system, residential storage and a bi-directional charger. Mitsubishi says it reduces electric bills and fuel costs by enabling battery charging from the grid at night, when power prices are cheaper, and can also draw power from an electric vehicle.

A budget of €60 million has been allocated for this year, in 2020 and 2021 it will rise to €70 million. Applications for the incentives can be submitted from today.