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The Growth in Residential Solar Energy

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The Growth in Residential Solar Energy

The Growth in Residential Solar Energy

The popular myth persists that the cost of green energy is simply not economic. While it is true that this may have been the case in the past, technology has changed things very quickly. Now, prices for solar and other alternatives are at the point where people and businesses are starting to vote with their dollars.

In 2013, the most used energy in new installations in the US was natural gas, coming in at a hefty 51.2% of new capacity. Right behind it? Solar power with 20.7% of new capacity. That’s a solid increase from around 7% in the year before.

Solar still has a way to go. As part of the overall energy mix in the US, it only makes up 0.64% of total operating capacity. That said – globally – the IEA predicts that falling costs may help make solar the largest power source by 2050.

Original graphic from: Clean Technica


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Energy

The Top 10 EV Battery Manufacturers in 2022

Despite efforts from the U.S. and Europe to increase the domestic production of batteries, the market is still dominated by Asian suppliers.

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The Top 10 EV Battery Manufacturers in 2022

This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week.

The global electric vehicle (EV) battery market is expected to grow from $17 billion to more than $95 billion between 2019 and 2028.

With increasing demand to decarbonize the transportation sector, companies producing the batteries that power EVs have seen substantial momentum.

Here we update our previous graphic of the top 10 EV battery manufacturers, bringing you the world’s biggest battery manufacturers in 2022.

Chinese Dominance

Despite efforts from the United States and Europe to increase the domestic production of batteries, the market is still dominated by Asian suppliers.

The top 10 producers are all Asian companies.

Currently, Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

The leading battery supplier, CATL, expanded its market share from 32% in 2021 to 34% in 2022. One-third of the world’s EV batteries come from the Chinese company. CATL provides lithium-ion batteries to Tesla, Peugeot, Hyundai, Honda, BMW, Toyota, Volkswagen, and Volvo.

RankCompany2022 Market ShareCountry
#1CATL34%China 🇨🇳
#2LG Energy Solution14%Korea 🇰🇷
#3BYD12%China 🇨🇳
#4Panasonic10%Japan 🇯🇵
#5SK Innovation7%Korea 🇰🇷
#6Samsung SDI5%Korea 🇰🇷
#7CALB4%China 🇨🇳
#8Guoxuan3%China 🇨🇳
#9Sunwoda2%China 🇨🇳
#10SVOLT1%China 🇨🇳
Other8%ROW 🌐

Despite facing strict scrutiny after EV battery-fire recalls in the United States, LG Energy Solution remains the second-biggest battery manufacturer. In 2021, the South Korean supplier agreed to reimburse General Motors $1.9 billion to cover the 143,000 Chevy Bolt EVs recalled due to fire risks from faulty batteries.

BYD took the third spot from Panasonic as it nearly doubled its market share over the last year. The Warren Buffett-backed company is the world’s third-largest automaker by market cap, but it also produces batteries sold in markets around the world. Recent sales figures point to BYD overtaking LG Energy Solution in market share the coming months or years.

The Age of Battery Power

Electric vehicles are here to stay, while internal combustion engine (ICE) vehicles are set to fade away in the coming decades. Recently, General Motors announced that it aims to stop selling ICE vehicles by 2035, while Audi plans to stop producing such models by 2033.

Besides EVs, battery technology is essential for the energy transition, providing storage capacity for intermittent solar and wind generation.

As battery makers work to supply the EV transition’s increasing demand and improve energy density in their products, we can expect more interesting developments within this industry.

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Visualizing the Range of Electric Cars vs. Gas-Powered Cars

With range anxiety being a barrier to EV adoption, how far can an electric car go on one charge, and how do EV ranges compare with gas cars?

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The Range of Electric Cars vs. Gas-Powered Cars

This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week.

EV adoption has grown rapidly in recent years, but many prospective buyers still have doubts about electric car ranges.

In fact, 33% of new car buyers chose range anxiety—the concern about how far an EV can drive on a full charge—as their top inhibitor to purchasing electric cars in a survey conducted by EY.

So, how far can the average electric car go on one charge, and how does that compare with the typical range of gas-powered cars?

The Rise in EV Ranges

Thanks to improvements in battery technology, the average range of electric cars has more than doubled over the last decade, according to data from the International Energy Agency (IEA).

YearAvg. EV RangeMaximum EV Range
201079 miles (127 km)N/A
201186 miles (138 km)94 miles (151 km)
201299 miles (159 km)265 miles (426 km)
2013117 miles (188 km)265 miles (426 km)
2014130 miles (209 km)265 miles (426 km)
2015131 miles (211 km)270 miles (435 km)
2016145 miles (233 km)315 miles (507 km)
2017151 miles (243 km)335 miles (539 km)
2018189 miles (304 km)335 miles (539 km)
2019209 miles (336 km)370 miles (595 km)
2020210 miles (338 km)402 miles (647 km)
2021217 miles (349 km)520 miles* (837 km)

*Max range for EVs offered in the United States.
Source: IEA, U.S. DOE

As of 2021, the average battery-powered EV could travel 217 miles (349 km) on a single charge. It represents a 44% increase from 151 miles (243 km) in 2017 and a 152% increase relative to a decade ago.

Despite the steady growth, EVs still fall short when compared to gas-powered cars. For example, in 2021, the median gas car range (on one full tank) in the U.S. was around 413 miles (664 km)—nearly double what the average EV would cover.

As automakers roll out new models, electric car ranges are likely to continue increasing and could soon match those of their gas-powered counterparts. It’s important to note that EV ranges can change depending on external conditions.

What Affects EV Ranges?

In theory, EV ranges depend on battery capacity and motor efficiency, but real-world results can vary based on several factors:

  • Weather: At temperatures below 20℉ (-6.7℃), EVs can lose around 12% of their range, rising to 41% if heating is turned on inside the vehicle.
  • Operating Conditions: Thanks to regenerative braking, EVs may extend their maximum range during city driving.
  • Speed: When driving at high speeds, EV motors spin faster at a less efficient rate. This may result in range loss.

On the contrary, when driven at optimal temperatures of about 70℉ (21.5℃), EVs can exceed their rated range, according to an analysis by Geotab.

The 10 Longest-Range Electric Cars in America

Here are the 10 longest-range electric cars available in the U.S. as of 2022, based on Environmental Protection Agency (EPA) range estimates:

CarRange On One Full ChargeEstimated Base Price
Lucid Air520 miles (837 km)$170,500
Tesla Model S405 miles (652 km)$106,190
Tesla Model 3358 miles (576 km)$59,440
Mercedes EQS350 miles (563 km)$103,360
Tesla Model X348 miles (560 km)$122,440
Tesla Model Y330 miles (531 km)$67,440
Hummer EV329 miles (529 km)$110,295
BMW iX324 miles (521 km)$84,195
Ford F-150 Lightning320 miles (515 km)$74,169
Rivian R1S316 miles (509 km)$70,000

Source: Car and Driver

The top-spec Lucid Air offers the highest range of any EV with a price tag of $170,500, followed by the Tesla Model S. But the Tesla Model 3 offers the most bang for your buck if range and price are the only two factors in consideration.

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