29 Jun '15, 8am

Opinion: Why Buffett Bet A Billion On #Solar: Miles Per Acre Per Year via @GreenCarCongres

Opinion: Why Buffett Bet A Billion On #Solar: Miles Per Acre Per Year via @GreenCarCongres

Opinion: Why Buffett Bet A Billion On Solar: Miles Per Acre Per Year 29 June 2015 by Henry Hewitt for Oilprice.com During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. In China alone, 500 million new vehicles can be expected to jam the roads between now and 2030. That may sound far-fetched, but considering annual sales have already made it to 25 million units per year (vs. around 17 million in the US—China became the top market in 2009), it only requires a 4 percent growth rate to reach that target in fifteen years. The cost to operate an EV, per mile, is already well below the cost to drive a standard ICE-age model, and the advantage is likely to widen. The average US residential customer pays 12 cents per kilowatt-hour (kWh) , ...

Full article: http://www.greencarcongress.com/2015/06/20150629-hewitt.html

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channelnewsasia.com 29 Jun '15, 12am

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