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☆ How Electric Car Batteries Might Aid the Grid (and Win Over Drivers)
▼ + stars: | 2024-06-05 | by ( Jack Ewing | ) www.nytimes.com time to read: +1 min

Electric cars are more expensive than gasoline models largely because batteries cost so much. But new technology could turn those pricey devices into an asset, giving owners benefits like reduced utility bills, lower lease payments or free parking. Automakers would make money by serving as intermediaries between car owners and power suppliers. Millions of cars could be thought of as a huge energy system that, for the first time, will be connected to another enormous energy system, the electrical grid, said Matthias Preindl, an associate professor of power electronic systems at Columbia University. “They will interact more in the future, and they can potentially support one another — or stress one another.”

Persons: Matthias Preindl, “ We’re, Preindl, “, ” Organizations: Ford Motor, General Motors, BMW, Columbia University

☆ 3 reasons why electric cars will soon get a lot cheaper
▼ + stars: | 2023-11-23 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

Some automakers are slowing down EV production, saying electric vehicles are too expensive. Auto execs have pointed to high prices as a big reason why demand for electric cars has slumped this year. AdvertisementHere's three reasons why electric cars are getting more affordable. Cheaper battery packsBy far the most expensive part of any EV is the battery, and spiking battery prices have hit automakers hard. "You have to get to a certain scale to really start to make money on electric cars and for the costs to go down," Valdez Streaty said.

Persons: —, Kelley, Tesla, Goldman Sachs, EVs, David Browne, Patrick T, Fallon, Browne, Matthias Preindl, Stephanie Valdez Streaty, it's, Valdez Streaty, Elon, you've Organizations: Service, Ford, General Motors, EV, Atlas Public, EVs, Bloomberg, Department of Energy, Smart, Toyota, Manufacturers, ICE, Columbia University, Smith, Cox, Chicago Tribune, Getty Locations: China, Germany, Los Angeles

☆ Electric cars won't just solve tailpipe emissions — they may even strengthen the US power grid, experts say
▼ + stars: | 2022-11-06 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Millions more electric vehicles on the road could make the US power grid more resilient. However, energy and transportation experts say that with some planning, utilities are fully capable of handling more clean cars plugging in. Better yet, electric SUVs, trucks, and buses can strengthen the grid if deployed smartly. EVs can store energy for when it's needed mostWhen electric cars are parked (which is most of the time), their batteries can collectively become a valuable asset to the greater grid, experts say. Electric cars could do just that, he said.

☆ Electric cars won't overload the power grid — and they could even help modernize our aging infrastructure
▼ + stars: | 2022-10-09 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

Electric cars won't overwhelm the US grid anytime soon, energy and transportation experts say. EVs don't consume a lot of energy now, and it will be decades before electric cars take over fully. On his Fox News show, Carlson bashed electric cars as a "new way to overburden California's already collapsing energy grid." More electric cars plugging in will increase energy demands over time, necessitating a more robust grid and smarter charging habits, they say. Even at 2030 estimates, some 5.6 million electric cars, trucks, and vans would only comprise 4% of peak loads.

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