Remove Buy Remove Cost Of Remove Oil Prices Remove Pollution
article thumbnail

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

Renewable 150
article thumbnail

Perspective: Ending Oils Monopolya Blueprint for Mobility Choice

Green Car Congress

Oil is a strategic commodity second to none—it underlies the global economy and even the American way of life. Of course, other countries benefit from this fact, with about $900 million flowing out of the US to buy foreign oil every day, and about 40% of that going to OPEC. [

Oil 255
article thumbnail

Nissan’s Big Gamble

Revenge of the Electric Car

Once several thousand people get the opportunity to buy the likes of Nissan’s well made EV, the demand from the early adopters’ friends and family will expand exponentially. It’ll be mostly driven by the cost of gas. Perhaps he knows how good it feels to drive a quiet, powerful car that doesn’t pollute.

Nissan 124
article thumbnail

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Annual use of an EV should be less than the average cost of $8,000 per year for using a gasoline in many countries including the USA. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. Instead they could buy back electricity at peak hours from vehicle drivers. Remember its PURE D.C.

Grid 28