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Electric cars will be cheaper to produce than fossil fuel vehicles by 2027

Electric cars will be cheaper to produce than fossil fuel vehicles by 2027

Electric cars will be cheaper to produce than fossil fuel vehicles by 2027
Electric cars and vans will be cheaper to produce than conventional, fossil fuel-powered vehicles by 2027, and tighter emissions regulations could put them in pole position to dominate all new car sales by the middle of the next decade, research has found. By 2026, larger vehicles such as electric sedans and SUVs will be as cheap to produce as petrol and diesel models, according to forecasts from BloombergNEF, with small cars reaching the threshold the following year. Electric vehicles reaching price parity with the internal combustion engine is seen as a key milestone in the world’s transition from burning fossil fuels. The falling cost of producing batteries for electric vehicles, combined with dedicated production lines in carmarkers’ plants, will make them cheaper to buy, on average, within the next six years than conventional cars, even before any government subsidies, BloombergNEF found. Reduced cost is seen as critical to make electric vehicles more attractive to consumers, especially when combined with increased range.

Peak Sustainability Social Hour

Peak Sustainability Social Hour

Thank you for the wonderful turnout at the 2024 First Quarter Sustainability Social Hour at Structures on Monday, March 18! We had close to 100 people at this quarterly sustainability networking event co-sponsored by Peak Sustainability Group, Sustainable Connections, and ReSources. You could feel the energy of people passionate about climate and sustainability. It’s also…

Peak Sustainability Group celebrates 13 years

Peak Sustainability Group celebrates 13 years

It’s more than an anniversary: we’re building a sustainable future Since early 2011, our founder David Roberts has been on a mission. From the spark of one dedicated individual, we’ve grown into a force for climate action, clean energy, and sustainable practices. After rebranding as Peak Sustainability Group in 2020, we set out to build…

Strategic resilience in the US wine industry

Strategic resilience in the US wine industry

How to be resilient when wildfire threatens an industry Wildfire smoke can impact the quality of wine, but vignerons won’t know what the damage is until the wine is opened. Grapevines themselves are pretty resilient to fire, but wildfire smoke can taint the flavor significantly AND the impact might not be revealed until the wine…

Electric recycling and garbage trucks catching on

Electric recycling and garbage trucks catching on

Electrification is catching on in the hauler industry. Republic Services is going all-in on fully integrated electric recycling and garbage trucks. With a fleet of over 17,000 vehicles nationwide, this sustainability initiative puts Republic in the vanguard of leaders in their industry. Republic is one of the largest operators offering residential and commercial recycling and…

Climate Change Impacts Seaports

Climate Change Impacts Seaports

Seaports are a vital part of the shipping industry, and they are already feeling the effects of climate change. The concern over climate change must be transformed into action. Climate planning should be budgeted for all ports and should include adaptation and mitigation. Climate change is here. Time is of the essence.

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