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.
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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National Grid Renewables has broken ground on its 100 MW Apple River Solar Project in Polk County, Wisconsin.
The Wisconsin solar farm, which will use US-made First Solar Series 6 Plus bifacial modules, will be constructed by The Boldt Company, creating 150 construction and service jobs. Apple River Solar will generate over $36 million in direct economic benefits over its first 20 years.
Once it comes online in late 2025, Apple River Solar will supply clean energy to Xcel Energy, which serves customers throughout the Upper Midwest. According to National Grid Renewables, the solar farm will generate enough energy to power around 26,000 homes annually. It will also offset about 129,900 metric tons of carbon dioxide emissions each year – equivalent to taking 30,900 cars off the road.
“We are excited to see this project begin as it underscores our dedication to delivering clean, reliable and affordable energy to our customers,” said Karl Hoesly, President, Xcel Energy-Wisconsin and Michigan. “This project is an important step in those goals while bringing significant economic benefits to Polk County and the local townships.”
Electrekreported in February that Xcel Energy, Minnesota’s largest utility, expects to cut more than 80% – and possibly up to 88% – of its emissions by 2030, putting it on track to hit Minnesota’s goal of net zero by 2040. It also says it’s on track to achieve its clean energy goals for all the Upper Midwest states it serves – Minnesota, Wisconsin, North Dakota, South Dakota, and Michigan.
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Tesla has announced that it will finally deliver 500 kW charging as it is about to install its long-awaited V4 Supercharger cabinets.
The rollout of Supercharger V4 has been a strange one, to say the least.
Tesla has been deploying the new charging stations for two years and calling them “Supercharger V4”, but it has only been deploying the charging stalls.
Supercharger stations are made of two main parts: the stalls, which are where the charging cable is located, and the cabinets, which are generally located further back and include all the power electronics.
For all these new “Supercharger V4”, Tesla was actually using Supercharger V3 cabinets. This has been limiting the power output of the charging stations to 250 kW – although
Today, Tesla officially announced its “V4 Cabinet”, which the automaker claims will enable of “delivering up to 500kW for cars and 1.2MW for Semi.”
Here are the main features of the V4 Cabinet as per Tesla:
Faster charging: Supports 400V-1000V vehicle architectures, including 30% faster charging for Cybertruck. S3XY vehicles enjoy 250kW charge rates they already experience on V3 Cabinet — charging up to 200 miles in 15 minutes.
Faster deployments: V4 Cabinet powers 8 posts, 2X the stalls per cabinet. Lower footprint and complexity = more sites coming online faster.
Next-generation hardware: Cutting-edge power electronics designed to be the most reliable on the planet, with 3X power density enabling higher throughput with lower costs.
Tesla reports that its first sites with the new V4 Cabinets are going into permitting now. The company expects its first sites to open next year.
We recently reported about Tesla’s new Oasis Supercharger project, which includes larger solar arrays and battery packs to operate the charging station mostly off-grid.
Early in the deployment of the Supercharger network, Tesla promised to add solar arrays and batteries to all Supercharger stations, and Musk even said that most stations would be able to operate off-grid.
While Tesla did add solar and batteries to a few stations, the vast majority of them don’t have their own power system or have only minimal solar canopies.
Back in 2016, I asked Musk about this, and he said that it would now happen as Tesla had the “pieces now in place” with Supercharger V3, Powerpack V2, and SolarCity:
It took about 8 years, but it sounds like the pieces are now getting actually in place with Supercharger V4, Megapacks, and this new Oasis project.
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Hyundai has a new secret weapon it’s about ready to unleash. To revamp the brand in China and counter BYD’s surge, Hyundai is launching a new AI-powered EV next year. The new model will be Hyundai’s first dedicated electric car for the world’s largest EV market.
With the help of Haomo, a Chinese autonomous startup, Hyundai will launch its first EV equipped with generative AI. It will also be its first model designed specifically for China.
A Hyundai Motor official said (via The Korea Herald) the company is “working to load the software” onto the new EV model, “which will be released in the Chinese market next year.” The spokesperson added, “The level of autonomous driving is somewhere between 2 and 2.5.”
In comparison, Tesla’s Autopilot is considered a level 2 advanced driver assistance system (ADAS) on the SAE scale (0 to 5), meaning it offers limited hands-free features.
With Autopilot, you still have to keep your eyes on the road and hands on the steering wheel, or the system will notify you and eventually disengage.
Haomo’s system, DriveGPT, unveiled last spring, takes inspiration from the OpenAI’s popular ChatGPT.
The system can continuously update in real-time to optimize decision-making by absorbing traffic data patterns. According to Haomo, DriveGPT is used in around 20 models as it looks to play a bigger role in China.
Hyundai hopes new AI-powered EV boosts sales in China
Electric vehicle sales continue surging in China. According to Rho Motion, China set another EV sales record last month with 1.2 million units sold, up 50% from October 2023.
Over 8.4 million EVs were sold in China in the first ten months of 2024, a notable 38% increase from last year.
BYD continues to dominate its home market. According to Autovista24, BYD accounted for 32.9% of all PHEV and EV (NEV) sales in China through September, with over half of the top 20 best-selling EV models.
Tesla was second with a 6.5% share of the market, but keep in mind these numbers only include plug-in models (PHEV).
Like most foreign automakers, Hyundai is struggling to keep up with the influx of low-cost electric models in China. Beijing Hyundai’s sales have been slipping since 2017. Through September, Korean automaker’s share of the Chinese market fell to just 1.2%.
According to local reports, Hyundai is partnering with other local tech companies like Thundersoft, a smart cockpit provider, and others in China to power up its next-gen EVs
With its first AI-powered EV launching next year, Hyundai hopes to turn things around in the region quickly. The new model will be one of five to launch in China through 2026.
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