Electric buses are deemed more expensive than their counterparts that are fuelled by diesel or natural gas; however, according to the BNEF
study, battery-powered buses offer a lower total cost of ownership taking fuel and maintenance expenses into consideration.
Electric buses remain more expensive up front than those fueled by diesel or compressed natural gas, but BNEF
found that battery-powered buses can already offer a lower total cost of ownership when fuel and maintenance expenses are considered.
In terms of policy, of the nations researched by BNEF
, 76% have established domestic CO2 containment goals.
Even if electric vehicle use does grow as rapidly as BNEF
forecasts, the world currently consumes 95 million barrels a day and other sources of demand will keep growing, said Spencer Dale, BPs chief economist.
Talking about coal energy in India, the BNEF
forecast suggests, "India significantly expands its coal fleet over the next five years, adding over 40GW of new coal plants.
says: "This is a tipping point that results in rapid and widespread renewables development".
, and the Union of Concerned Scientists for supplying much of the data the went into this snapshot of the emerging EV universe.
The particular example that really kicked things off was the European move into renewables, the German move in particular, creating demand that Chinese supply side responded to," says SebHenbest, author of the BNEF
electricity grids last year, accounting for 16 gigawatts, or 68% of all new capacity, according to BNEF
Meanwhile, the Chairman of the Advisory Board at BNEF
, Michael Liebreich, said global investment in renewables capacity hit a new record in 2015, far outpacing that in fossil fuel generating capacity despite falling oil, gas and coal prices.
312) Recently, BNEF
concluded that if production efficiency continues to improve, the cost of certain biofuels, including jatropha, could be competitive with the cost of fossil-based jet fuel by 2018.
expects this incentive to result in wind installations of 2.