Be The Change

Day: January 18, 2023

EV batteries alone could satisfy short-term grid storage demand as early as 2030

The energy transition will require a rapid deployment of renewable energy and electric vehicles where other transit modes are unavailable. EV batteries could complement renewable generation by providing short-term grid services.

The journal Nature has publish the peer-reviewed study by a team of Dutch and US researchers which shows that EV batteries alone could be used to satisfy short-term grid storage demand across most regions by as early as 2030.

Researchers from the Institute of Environmental Sciences (CML), Leiden University, in the Netherlands, and the US Department of Energy’s National Renewable Energy Laboratory (NREL), estimate that low participation rates for vehicle-to-grid (V2G) technology of just 12% to 43% are required.

However, estimating the market opportunity requires an understanding of many socio-technical parameters and constraints.

Their report “Electric vehicle batteries alone could satisfy short-term grid storage demand by as early as 2030”, was published online at Nature Communications.

Media » TechXplore / Electrek / PV Magazine

SEA Electric partners with MEVCO to convert 8,500 Toyotas for mining operations

SEA Electric has made the next step in its journey to electrify the world’s commercial vehicle fleet, by signing a significant Memorandum of Understanding with MEVCO (Mining Electric Vehicle Company), a leading systems integrator focused exclusively on electric light commercial vehicles within the mining industry.

The partnership will mean 8,500 Toyota Hilux and Landcruisers will be converted to all-electric for the mining industry, over the next five years.

Toyota offers only one all-electric vehicle, globally, the bZ4X, and then only in very limited numbers. Toyota has staked out a pretty staunch “hybrids-only” approach to its vehicle lineup, and it’s pretty safe to say that the Japanese carmaker has not been favourably disposed to converting to an all-electric lineup. This has opened the door for others.

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The average price of a new EV in the US is dropping

EV prices have begun to fall, according to Kelly Blue Book.

While the average price of a new car rose in December, 2022 to US$49,507, the average price of electric vehicles (EV’s) fell 5.5% over the previous month, ending 2022 at US$61,448.

While that remains too high for the average American household, it is now lower than the cost of the average luxury car – which EV’s were commonly compared to – which stood at US$66,660 at the end of 2022.

As long as prices remain high, government incentives will play a large and necessary part of widespread EV adoption.

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