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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. Investment slumped by 30% in 2020.

Price 416
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Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

Green Car Congress

These high prices result from uncommonly large fixed costs that are bundled into kilowatt-hour prices and passed on to customers. In 2019, more than a quarter of California IOU customers were enrolled in the CARE program. What Californians pay is much higher than the true marginal cost of using electricity.

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Chevy Bolt EV and EUV see dramatic price cuts amidst surging EV prices

Teslarati

General Motors-owned Chevrolet rolled back prices of the new model year versions of the Bolt EV and EUV by $5,900 and $6,300, respectively, despite electric vehicle costs increasing due to materials and parts shortages. As we’ve said, affordability has always been a priority for these vehicles.”. I’d love to hear from you!

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Tesla Model 3 price cuts puts new car cheaper than some used Model 3s

Teslarati

The Tesla Model 3 price cuts have put the cost of a new base Tesla Model 3 lower than that of some used Tesla Model 3s in some cities. due to the recent price cuts. The recent price cuts enable buyers to purchase a base Model 3 for $43,990, and with the EV tax credit, that price is further reduced.

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WPI team develops green closed-loop process for recycling lithium from Li-ion batteries

Green Car Congress

In addition, this lithium recovery process is affordable, compared to typical hydrometallurgical process, by saving 11.15% per kilogram spent LIBs. In 2019, 65% of lithium consumption was for battery applications, a 30% increase from 2015, resulting in the most significant source of lithium consumption. per kilogram. per kilogram.

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How EV adoption is soaring in unlikely circumstances, and what could make it better

Teslarati

The adoption of electric vehicles has continued to skyrocket over the past several years despite challenging supply chain conditions, less-than-ideal geopolitical scenarios, lingering effects of the COVID-19 pandemic, and the soaring cost of EV materials. Despite this, EV adoption has increased every year since 2019.

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Tesla Cybertruck here at last: First ‘cyberpunk’ electric ute rolls off the production line

EV Central

Customers have been able to put down a US$100 deposit since 2019, meaning Tesla is holding in excess of US$150m in preorders. But those prices have since been removed from Tesla’s sites, leading US analysts to suspect prices could now increase by around US$10,000 for each model.