Opinion: Why Buffett Bet A Billion On Solar: Miles Per Acre Per Year
Green Car Congress
JUNE 29, 2015
In China alone, 500 million new vehicles can be expected to jam the roads between now and 2030. At that rate, the cost to operate an electric vehicle is 2 cents per mile. The first eye-opener for large scale solar was the Austin Energy PPA last year that was priced at 5 cents. Average fuel efficiency in the US is 22 miles per gallon (mpg). New cars in 2015 get 25 mpg.) But suppose your new car is up to current Chinese standards (~35 mpg).
Let's personalize your content