Administration requiring EVs to constitute about two-thirds of new car and light truck sales by 2032
This has absolutely nothing to do with climate which they actually don't believe, but rather destroying America in line with direction from their globalist masters. Google "Cloward Piven".
Biden Admin Preparing "Toughest Ever" Auto Emission Standards
Monday, Mar 18, 2024 - 05:45 AM
Despite pretty much the entire country making it clear that EV mandates are hurting the industry (with major automakers like Ford and GM slashing investment), President Biden is forging forward with his "green agenda" even further.
This go-round, Biden is "preparing to roll out the toughest-ever" emissions restrictions, according to Bloomberg.
The report says that the Environmental Protection Agency is poised to implement emissions limits that (Biden thinks) could significantly boost electric vehicle sales, requiring EVs to constitute about two-thirds of new car and light truck sales by 2032, a sharp increase from less than 10% last year.
Unless, of course, people stop buying new cars.
Continue reading at the following weblink:
https://www.zerohedge.com/markets/biden-admin-preparing-toughest-ev...
Alex Jones And Tucker Carlson Unleash on Censorship Culture and Globalists
MUST WATCH VIDEO (in Maine)
https://banned.video/watch?id=6572caaa1b7347401e083997
Exxon Chief Darren Woods Has Conquered The Woke ESG Giant
Woods has also intensified his stance on climate objectives, asserting in speeches and interviews that fossil fuels remain essential to fulfill energy needs for the foreseeable future. He argues that achieving net-zero carbon emissions by 2050 is unrealistic, as there's a general reluctance to bear the costs of cleaner alternatives.
Jeff Wyll, a senior analyst at Neuberger Berman, told Bloomberg: “It wasn’t that long ago it looked like taking the green approach was what the industry needed to attract capital.” But he said the Russia/Ukraine conflict “flipped the switch and energy security became more important. Exxon benefited because they never stepped back from their traditional business.”
As Bloomberg notes, Woods is drawing lessons from his interactions with activist shareholders, leading Exxon to sue climate investors in the U.S. and the Netherlands in January for pushing for emissions reductions. The lawsuit claims the current system for shareholder voting is susceptible to exploitation by activists holding few shares without a focus on long-term value.
Weblink for full article:
https://www.zerohedge.com/markets/exxon-chief-darren-woods-has-conq...
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Comment
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Comment by Willem Post on March 26, 2024 at 9:32pm
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On snowy days, despite their huge installed capacity, MW, their generation, MWh, is way short of their “wished for” generation, due to “weather dependence”
That solar generation would normally have a big bulge at noon-time, which far exceeds demand.
Storing it in batteries and discharging 80% of it during the peak hours of late afternoon/early evening, is out of the question, as that would add at least
30 c/kWh, to the price of the solar electricity fed to the battery.Go woke, go big-time broke.
Now you know why the electricity rates in California are skyrocketing.
A bunch of climate screwballs are in charge, stealing from your pocket
They make the rules that enable their stealing.The only solution is to elect Trump by a landslide to far more than overcome any fraud, so he can undo all that dysfunctional wind/solar/battery BS
BATTERY SYSTEM CAPITAL COSTS, OPERATING COSTS, ENERGY LOSSES, AND AGING
https://www.windtaskforce.org/profiles/blogs/battery-system-capital...
EXCERPT:
Annual Cost of Megapack Battery Systems; 2023 pricing
Assume a system rated 45.3 MW/181.9 MWh, and an all-in turnkey cost of $104.5 million, per Example 2
Amortize bank loan for 50% of $104.5 million at 6.5%/y for 15 years, $5.484 million/y
Pay Owner return of 50% of $104.5 million at 10%/y for 15 years, $6.765 million/y (10% due to high inflation)
Lifetime (Bank + Owner) payments 15 x (5.484 + 6.765) = $183.7 million
Assume battery daily usage for 15 years at 10%, and loss factor = 1/(0.9 *0.9)
Battery lifetime output = 15 y x 365 d/y x 181.9 MWh x 0.1, usage x 1000 kWh/MWh = 99,590,250 kWh to HV grid; 122,950,926 kWh from HV grid; 233,606,676 kWh loss
(Bank + Owner) payments, $183.7 million / 99,590,250 kWh = 184.5 c/kWh
Less 50% subsidies (ITC, depreciation in 5 years, deduction of interest on borrowed funds) is 92.3c/kWh
At 10% throughput, (Bank + Owner) cost, 92.3 c/kWh
At 40% throughput, (Bank + Owner) cost, 23.1 c/kWh
Excluded costs/kWh: 1) O&M; 2) system aging, 1.5%/y, 3) 20% HV grid-to-HV grid loss, 4) grid extension/reinforcement to connect battery systems, 5) downtime of parts of the system, 6) decommissioning in year 15, i.e., disassembly, reprocessing and storing at hazardous waste sites. Excluded costs would add at least 10 – 15 c/kWh
NOTE: The 40% throughput is close to Tesla’s recommendation of 60% maximum throughput, i.e., not charging above 80% full and not discharging below 20% full, to achieve a 15-y life, with normal aging
Tesla’s recommendation was not heeded by the Owners of the Hornsdale Power Reserve in Australia. They excessively charged/discharged the system. After a few years, they added Megapacks to offset rapid aging of the original system, and added more Megapacks to increase the rating of the expanded system.
http://www.windtaskforce.org/profiles/blogs/the-hornsdale-power-res...
COMMENTS ON CALCULATION:
Regarding any project, the bank and the owner have to be paid.
Therefore, I amortized the bank loan and the owner’s investment
If you divide the total of the payments over 15 years by the throughput during 15 years, you get the cost per kWh, as shown.
According to EIA annual reports, almost all battery systems have throughputs less than 10%. I chose 10% for calculations.
A few battery systems have higher throughputs, if they are used to absorb midday solar and discharge it the during peak hour periods of late-afternoon/early-evening. They may reach up to 40% throughput. I chose 40% for calculations.
Remember, you have to draw about 50 MWh from the HV grid to deliver about 40 MWh to the HV grid, because of A-to-Z system losses. That gets worse with aging.
A lot of people do not like these c/kWh numbers, because they have been repeatedly told by self-serving folks, low-cost battery Nirvana is just around the corner, which is a load of crap.
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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