Category: Epic

Epic

Charging Ahead: How EVs are Driving Change in 2023 and Beyond

April 21, 2023
As we look ahead to 2023 and beyond, it’s clear that electric vehicles (EVs) and charging technology are driving change in the automotive industry and beyond. With the rise of renewable energy sources, increased consumer demand for sustainability, and government initiatives to reduce carbon emissions, the future of transportation is electric.
One of the main drivers of the EV revolution is the decreasing cost of batteries. According to a recent report from BloombergNEF, the cost of EV batteries has already fallen by 89% since 2010 and is expected to continue to decline in the coming years. Companies like Tesla, ChargePoint, and EVBox are developing charging solutions that are faster, more efficient, and easier to use.
Governments worldwide are supporting the growth of EVs and charging, with the EU planning to phase out new gasoline and diesel cars by 2035, India targeting 30% electric mobility by 2030, and the US proposing a $174B plan to boost the EV market. Companies like Tesla, tata motors and EVgo are investing heavily in charging infrastructure to expand their networks. These initiatives will transform the transportation industry, reducing carbon emissions and promoting sustainability.
As the EV and charging industries continue to grow, we can expect to see major changes in the automotive industry and beyond. EVs and charging technology will not only transform the way we think about transportation, but also impact industries like energy and infrastructure.
In conclusion, the future of transportation is electric, and EVs and charging technology are driving change in 2023 and beyond. With falling battery prices, increased investment and innovation in charging technology, and government support, the EV and charging industries are poised for significant growth and transformation in the coming years.
Epic

Wind and Solar Energy Set New Records, Representing 12% of Global Electricity Generation in 2022

April 21, 2023
Renewable energy sources, such as wind and solar, made up a record 12% of global electricity generation in 2022, up from 10% in the previous year, according to a report by an independent climate and energy think tank. The report analyzed power sector data from 78 countries, which together represent 93% of global power demand.
Renewable energy sources, such as wind and solar, made up a record 12% of global electricity generation in 2022, up from 10% in the previous year, according to a report by an independent climate and energy think tank. The report analyzed power sector data from 78 countries, which together represent 93% of global power demand.
Despite a global gas crisis, coal generation increased by 1.1%, while gas-fired power generation decreased by 0.2% due to high prices. However, the report noted that the rise in CO2 emissions from the power sector was slowed by the growth of wind and solar energy. If all the electricity from wind and solar generation had come from fossil fuels instead, power sector emissions would have been 20% higher in 2022.
The report predicts a decline of 0.3% in fossil fuel generation this year, followed by larger declines in subsequent years as more wind and solar power comes online. The International Energy Agency has set a goal for the power sector to achieve net-zero emissions by 2040, which would require wind and solar to contribute 41% of global electricity generation by 2030.
As the power sector is the largest source of planet-warming carbon dioxide (CO2) emissions worldwide, reducing its emissions is crucial to combating climate change. The growth in renewable energy sources is a positive step towards achieving this goal.