Signs are surfacing that the rollout of electric vehicles and renewable energy sources is working as designed. According to a new report from the International Energy Agency (IEA), record EV and clean energy deployment are contributing to a significant reduction in CO2 emissions in 2022.
Global carbon dioxide (CO2) emissions rebounded sharply last year as economic activity picked up after strict lockdowns during the pandemic. Historic government stimulus and the rapid rollout of vaccines jump-started the global economy, putting it into overdrive.
Global economic growth jumped 5.9% as people returned to their daily routines. At the same time, the pandemic-induced supply chain bottlenecks remained, driving commodity prices and, in turn, inflation to a multidecade high.
Energy prices, such as gas and oil, saw the most dramatic increase with limited production ability and skyrocketing demand. Rising oil and natural gas prices led to a higher reliance on coal, which is notorious for emitting CO2.
To make matters worse, the “energy crisis” is being fueled by the war in Ukraine and OPEC’s decision to cut oil production, threatening global supply.
Rather than remaining a victim to volatile gas and oil prices, several nations have invested heavily in sustainable energy solutions, implementing favorable policies to promote renewable energy and EV adoption.
2022 has been a transformational year so far, as government leaders around the world work to reduce their reliance on carbon-emitting fossil fuels.
Renewable energy sources covered the rise in global electricity demand in the first half of the year. Moreover, after doubling in 2021, electric vehicle sales are on track to claim 13% of total light-duty vehicle sales globally.
According to the latest IEA analysis, despite a looming energy crisis, the historic rise in EV deployment and renewable energy use is working in the quest to reduce global reliance on fossil fuels and cut CO2 emissions.
Solar energy powering grid Source: Shutterstock
Record EV and clean energy deployment reducing CO2 emissions
The IEA’s report claims global CO2 emissions are on track to rise by just 1%, or 300 million tonnes, in 2022 after spiking by almost 2 billion tonnes in 2021.
Perhaps, most importantly, the IEA notes:
The rise in global CO2 emissions this year would be much larger – more than tripling to reach close to 1 billion tonnes – were it not for the major deployments of renewable energy technologies and electric vehicles (EVs) around the world.
Interestingly, the improvement shows a stark contrast to what happened following the 2008 global financial crisis, where CO2 emissions rose substantially for several years after.
The war in Ukraine has established a race to find alternative energy sources, and so far, solar and wind energy generation is helping fill the supply gap. IEA executive director, Fatih Birol, explains:
This means that CO2 emissions are growing far less quickly this year than some people feared – and that policy actions by governments are driving real structural changes in the energy economy. Those changes are set to accelerate thanks to the major clean energy policy plans that have advanced around the world in recent months.
Solar and wind are leading the transition, with a record 700 TWh generated in 2022. Without the added renewable energy, CO2 emissions would be over 600 million tonnes more this year, according to the IEA.
Electrek’s Take
New policies around the globe (US, Inflation Reduction Act; EU, Fit for 55; Japan, Green Transformation (GX) plan; etc.) are establishing a path for lasting carbon emission reductions.
The news is significant, showing that if we continue down this path, we can control our fate. Instead of relying on a market-based commodity like natural gas or oil to drive the global economy, renewable energy and EVs offer a superior alternative.
We are still in the early stages of rolling out renewable energy sources and EVs globally. However, the IEA’s report indicates the progress is working. If we continue expanding renewable energy sources while transitioning to EVs as planned, this is likely the start of a new trend.
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Following approval from Transport Canada, EV startup Workhorse will be bringing the W56 and W750 model electric delivery vans to commercial truck dealers in Canada as early as this spring.
“This is a major step forward for Workhorse,” says Josh Anderson, Workhorse’s chief technology officer in a press statement. “Pre-clearance from Transport Canada opens up a large new market for our products throughout Canada, including with fleets that operate across borders in North America.”
Despite that uncertainty, Workhorse execs remain upbeat. “We’re excited that our electric step vans can now reach Canadian roads and highways, providing reliable, zero-emission solutions that customers can depend on,” added Anderson.
Canadian pricing has yet to be announced.
Electrek’s Take
FedEx electric delivery vehicle; via Workhorse.
There’s no other way to say it: the Trump/Musk co-presidency is disrupting a lot of companies’ plans – and that’s especially true across North American borders. But in all this chaos and turmoil there undoubtedly lies opportunity, and it will be interesting to see who ends up on top.
The new Liebherr S1 Vision 140-ton hauler is unlike any heavy haul truck currently on the market – primarily because the giant, self-propelled, single-axle autonomous bucket doesn’t look anything like any truck you’ve ever seen.
Liebherr says its latest heavy equipment concept was born from a desire to rethink truck design with a focus only on core functions. The resulting S1 Vision is primarily just a single axle with two powerful electric motors sending power to a pair of massive airless tires designed carry loads up to 131 tonnes (just over 140 tons).
The design enables rapid maintenance, as important components easily accessible for quick servicing. Wear parts can be replaced efficiently, and the electric drive significantly reduces maintenance work. This helps to minimise downtimes and increases operational efficiency.
LIEBHERR
Because of its versatility, durability, and ability to perform zero-turn maneuvers that other equipment simply can’t, the Liebherr S1 Vision can be adapted for various applications, including earthmoving, mining, and even agriculture. There’s also a nonzero chance of this technology finding applications supporting other on-site equipment through charging or fuel delivery.
The S1 accomplishes that trick safely with the help of an automatic load leveling system that ensures maximum stability, even on bumpy or rough terrain. The company says this technology significantly reduces the risk of tipping while providing smooth and secure operation across various environments.
The HD arm of Hyundai has just released the first official images of the new, battery-electric HX19e mini excavator – the first ever production electric excavator from the global South Korean manufacturer.
The HX19e will be the first all-electric asset to enter series production at Hyundai Construction Equipment, with manufacturing set to begin this April.
The new HX19e will be offered with either a 32 kWh or 40 kWh li-ion battery pack – which, according to Hyundai, is nearly double the capacity offered by its nearest competitor (pretty sure that’s not correct –Ed.). The 40kWh battery allows for up to 6 hours and 40 minutes of continuous operation between charges, with a break time top-up on delivering full shift usability.
Those batteries send power to a 13 kW (17.5 hp) electric motor that drives an open-center hydraulic system. Hyundai claims the system delivers job site performance that is at least equal to, if not better than, that of its diesel-powered HX19A mini excavator.
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To that end, the Hyundai XH19e offers the same 16 kN bucket breakout force and a slightly higher 9.4 kN (just over 2100 lb-ft) dipper arm breakout force. The maximum digging depth is 7.6 feet, and the maximum digging reach is 12.9 feet. Hyundai will offer the new electric excavator with just four selectable options:
enclosed cab vs. open canopy
32 or 40 kWh battery capacity
All HX19es will ship with a high standard specification that includes safety valves on the main boom, dipper arm, and dozer blade hydraulic cylinders, as well as two-way auxiliary hydraulic piping allows the machine to be used with a range of commercially available implements. The hydraulics needed to operate a quick coupler, LED booms lights, rotating beacons, an MP3 radio with USB connectivity, and an operator’s seat with mechanical suspension are also standard.
HX19e electric mini excavator; via Hyundai Construction Equipment.
The ability to operate indoors, underground, or in environments like zoos and hospitals were keeping noise levels down is of critical importance to the success of an operation makes electric equipment assets like these coming from Hyundai a must-have for fleet operators and construction crews that hope to remain competitive in the face of ever-increasing noise regulations. The fact that these are cleaner, safer, and cheaper to operate is just icing on that cake.