{"id":2814,"date":"2024-04-06T00:06:39","date_gmt":"2024-04-06T00:06:39","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/04\/06\/adam-rozencwajg-will-evs-succeed-efficiency-emissions-and-a-potential-catalyst\/"},"modified":"2024-04-06T00:06:39","modified_gmt":"2024-04-06T00:06:39","slug":"adam-rozencwajg-will-evs-succeed-efficiency-emissions-and-a-potential-catalyst","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/04\/06\/adam-rozencwajg-will-evs-succeed-efficiency-emissions-and-a-potential-catalyst\/","title":{"rendered":"Adam Rozencwajg: Will EVs Succeed? Efficiency, Emissions and a Potential Catalyst"},"content":{"rendered":"

Electric vehicles (EVs) have been widely hailed as a key part of the green energy transition, but are they helping as much as we think they are? Adam Rozencwajg, managing partner at Goehring & Rozencwajg, weighed in. <\/strong><\/p>\n

On the energy efficiency side, Rozencwajg said EVs are typically viewed as having 90 percent efficiency \u2014 in other words, once electrons are in the battery of a car, 90 percent of that energy is translated into the wheels to move the car. <\/p>\n

That\u2019s compared to 30 percent for ICE vehicles, where a significant amount of energy dissipates in the form of heat. <\/p>\n

Rozencwajg noted that EVs look great in that scenario, but described it as a faulty comparison because it doesn\u2019t account for how the electrons get into the battery in the first place, or how they are kept there. <\/p>\n

\u2018That of course deals with the battery, and it deals with the idea of how much energy is required to mine all the materials, process all the materials \u2014 the lithium, the cobalt, the nickel, the copper \u2014 and then to assemble and manufacture the battery, which is also incredibly energy intensive,\u2019 he said. <\/p>\n

\u2018When we put it all together, there was really very little doubt in our minds that the total energy \u2014 we\u2019re talking cradle to grave \u2014 of an EV was far greater than an internal combustion engine,\u2019 Rozencwajg added.<\/p>\n

Looking at carbon emissions, Rozencwajg pointed to Norway as a real-world example. EVs have accounted for 80 percent of the country\u2019s new car sales in the last 15 years, but its carbon emissions have only fallen 10 to 15 percent. <\/p>\n

\u2018The devil\u2019s in the details. And what Norway has been very, very good at doing over the last 10 or 15 years is switching out a tremendous amount of fuel oil and residual fuel used mainly for heating, and some power as well, away from hydrocarbons towards electric and towards hydro. So that actually explains two-thirds or three-quarters \u2014 some huge number \u2014 of the reduction in CO2 in Norway over the last 15 years,\u2019 he explained during the interview. <\/p>\n

Continuing, Rozencwajg said Norway\u2019s gasoline and oil demand hasn\u2019t moved during that time. <\/p>\n

\u2018On the other hand, you\u2019ve had to put 500,000 EVs on the road in Norway, and that\u2019s created a huge amount of CO2 because of all the energy that goes into making the battery \u2026 and still today most EVs and most EV batteries are manufactured in China, where the majority of that power comes from coal, which is actually quite dirty,\u2019 he said. <\/p>\n

Watch the interview above for more detailed thoughts from Rozencwajg on these concepts. <\/p>\n

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Electric vehicles (EVs) have been widely hailed as a key part of the green energy transition, but are they helping as much as we think they are? Adam Rozencwajg, managing partner at Goehring & Rozencwajg, weighed in. On the energy efficiency side, Rozencwajg said EVs are typically viewed as having 90 percent efficiency \u2014 in […]<\/p>\n","protected":false},"author":0,"featured_media":2815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=2814"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/2815"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=2814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=2814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=2814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}