Economics of electric vehicles

I have talked about this for years – if you look at the costs that are associated with vehicle use nothing beats electric vehicles. A new report from BNP Paribas has just been released that quantifies these impacts for oil price.

Image source: Tesla

Knowing what an EV daily user like me knows, one could have guessed, but the calculation from the report cited in Forbes says it best:

The long-term break-even oil price for gasoline to remain competitive is $9-$10pb, and for diesel $17-$19pb.

Although this sounds far-fetched today, this is what a disruption looks like before it happens. Well-developed technology and sound economic performance are behind it.

In real life… In August in order not to fly I drove 2342 km, charging my car from solar and in public locations on longer stretches. And for the times that I had to pay for public charging the total was 22.43 €. Can you beat that on a fossil fuel car?

International Transport Forum 2019 Summit

It has been a pleasure to be a part of the organising team of the International Transport Forum’s 2019 Summit, which is traditionally held in Leipzig.  https://2019.itf-oecd.org/

I was responsible for preparing two Summit sessions this year.

The discussions in session Towards safe, efficient and sustainable road freight transport – infrastructure and vehicle fleet perspective were based on two recently published ITF Working Group reports: Policies to Extend the Life of Road Assets, By mitigating deterioration caused by trucks (PELRA) and High Capacity Transport: Towards Efficient, Safe and Sustainable Road Freight. The challenges that most countries face in addressing growing transport demand and increasing environmental costs with limited resources for infrastructure investment were discussed in this session. In this context the international experience with proactive infrastructure policies to extend the life of road assets and mitigate road infrastructure wear, and the use of high capacity vehicles to increase the operational efficiency of road freight, are relevant.

The panel session Connecting vehicles and infrastructure focused on the enormous transformative potential of vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) technologies and the associated challenges for stakeholders including equipment manufacturers, telecom operators, governments and road users. The implications for freight and passenger traffic, including technological requirements for connectivity, international standardisation, safety and enforcement implications were also discussed.

Report on Road Freight Decarbonisation

A report “Towards Road Freight Decarbonisation: Trends, Measures and Policies” has been published by the International Transport Forum. I have had the opportunity to contribute to this report in the section on High Capacity Transport.

The report  highlights policy areas that need adjustment for effective decarbonisation of road freight and points to fields where  more robust evidence through further research is needed. It collects insights held at a workshop organised by the International Transport Forum in June 2018 in Paris and features the results of a survey among  experts.

You can read the full report here: https://www.itf-oecd.org/towards-road-freight-decarbonisation

Report: Policies to Extend the Life of Road Assets

The ITF/OECD has published a Working Group report on “Policies to Extend the Life of Road Assets”.

This report presents policy options for extending the life of road assets by mitigating deterioration caused by trucks. Beyond traditional engineering responses, it considers the role of trucks in road asset deterioration from a broader, demand-oriented perspective.

https://www.itf-oecd.org/policies-extend-life-road-assets

Curbside electric vehicle charging

It often would be nice to be able to plug in my car when I park on a city street. In those cases a fast charging speed is not needed, and I would be more than happy with 16A three phase AC power (this results in charging speed of ~50km/hour) . An interesting solution is proposed by a British company Connected Kerb.

https://insideevs.com/connected-kerb-curb-ev-charging-station/

Autonomous ferry in Finland

One of the first autonomous ships is a ferry sailing in Finland.

Image source: BBC video screenshot

It is able to navigate, avoid obstacles and dock on its own, and in an emergency it can be controlled by humans from dry land using satellite and internet communications.

Rolls-Royce, who have developed the technology, believe it could eventually lead to ships not needing staff. Technology like this could certainly have applications in maritime transport.

It is interesting to see that the control center approach that we discussed in our report Managing Transition to Driverless Road Freight Transport for trucks is also applied in shipping.

A short video is available here: https://www.bbc.com/news/av/technology-46350188/the-ferry-using-rolls-royce-technology-that-sails-itself

DISCLAIMER: All views expressed on this site are my own and do not represent the opinions of any entity whatsoever with which I have been, am now, or will be affiliated.