An AFR article about investors piling into lithium and graphite mining stocks tells a tale. With our focus on Tesla we are missing the story of China.
Although the Western world’s focus is on Tesla’s progress, it is China’s EV push – it makes up 38 per cent of the global EV fleet, an increase from just 8 per cent in 2012 – that is really turning the dial.
Argonaut’s Hong Kong-based analyst Helen Lau says the massive subsidies available in the Chinese EV market to curb carbon emissions and lessen that country’s reliance on oil imports make electric cars up to 15 per cent cheaper to buy than conventional, internal combustion ones.
Tesla founder and CEO Elon Musk has again set tongues wagging, this time with his declaration last week that his newly launched integrated solar roof tiles could actually cost less to install than a regular roof – making the renewable electricity they produce “just a bonus”. Continue reading Climate clippings 191→
In last week’s energy auction, Chile accepted a bid from Spanish developer Solarpack Corp. Tecnologica for 120 megawatts of solar at the stunning price of $29.10 per megawatt-hour (2.91 cents per kilowatt-hour or kwh). This beats the 2.99 cents/kwh bid Dubai received recently for 800 megawatts. For context, the average residential price for electricity in the United States is 12 cents per kilowatt-hour.
Missouri lawyer Joshua Neally was driving his Tesla Model X home from his office when he suffered piercing pain in his stomach and chest. Rather than call an ambulance he set his Tesla Model X in self-driving mode and headed for a hospital 20 miles (32km) down the road. He was able to park it and check himself in.
He suffered a pulmonary, a potentially fatal obstruction of a blood vessel in the lungs. Very probably, the car saved his life. Continue reading Climate clippings 180→
Climate change, sustainability, plus sundry other stuff
