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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. More recently, labor costs started to rise.

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Consumer Reports analysis finds EV owners spending half as much on maintenance compared to owners of gas-powered vehicles

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A new analysis by Consumer Reports finds that owners of plug-in electric vehicles are spending half as much on maintenance and repair as the owners of similar gas-powered vehicles. Average maintenance/repair costs over vehicle lifetime. Average maintenance/repair costs over vehicle lifetime.

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BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

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In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These countries accounted for one-third of global GDP in 2019. Such low renewable hydrogen costs could completely rewrite the energy map.

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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Change in CO 2 emissions by fossil fuel, relative to 2019 levels, 2019-2021. In 2021 alone, China’s CO 2 emissions rose above 11.9

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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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EIA’s annual Summer Fuels Outlook, released today with EIA’s Short-Term Energy Outlook (STEO), expects a 15% increase in US highway travel this summer but still less highway travel than in the summer of 2019. EIA expects that coal used to generate electric power will increase by 13% to 495 MMst in 2021 and by 4% to 514 MMst in 2022.

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Study finds all-electric rideshare fleet could reduce carbon emissions, but increase traffic issues

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Major ridesourcing companies Uber and Lyft have promised all-electric fleets by 2030 in an effort to reduce their carbon footprint. Overall, electrification reduces net external costs to society by 3–11% (5–24¢ per trip), depending on the assumed social cost of carbon. —Mohan et al. Mohan et al.

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2019 Ram drops weight, gains 48V eTorque mild hybrid system

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FCA pulled the wraps off the new 2019 Ram 1500 at the Detroit Auto Show. The eTorque mild hybrid system is one of several changes made to the powertrains for the 2019 Ram 1500. Overall weight for the Ram 1500 has been reduced by 225 pounds (102 kg). An all-new 48V eTorque mild-hybrid system delivers improved fuel efficiency for both 3.6-liter

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