Olympus to Use 100% Renewable Electricity

US Plug-in EV Miles 2021 highlight BEV and PHEV growth, DOE and Argonne data, 19.1 billion electric miles, 6.1 TWh consumed, gasoline savings, rising market share, and battery capacity deployed across the US light-duty fleet.

Key Points

They represent 19.1 billion electric miles by US BEVs and PHEVs in 2021, consuming 6.1 TWh of electricity.

✅ 700 million gallons gasoline avoided in 2021

✅ $1.3 billion fuel cost savings estimated

✅ Cumulative 68 billion EV miles since 2010

Plug-in electric cars are gradually increasing their market share in the US (reaching about 4% in 2021), which starts to make an impact even as the U.S. EV market share saw a brief dip in Q1 2024.

The Department of Energy (DOE)’s Vehicle Technologies Office highlights in its latest weekly report that in 2021, plug-ins traveled some 19.1 billion miles (31 billion km) on electricity - all miles traveled in BEVs and the EV mode portion of miles traveled in PHEVs, underscoring grid impacts that could challenge state power grids as adoption grows.

This estimated distance of 19 billion miles is noticeably higher than in 2020 (nearly 13 billion miles), which indicates how quickly the electrification of driving progresses, with U.S. EV sales continuing to soar into 2024. BEVs noted a 57% year-over-year increase in EV miles, while PHEVs by 24% last year (mostly proportionally to sales increase).

According to Argonne National Laboratory's Assessment of Light-Duty Plug-in Electric Vehicles in the United States, 2010–2021, the cumulative distance covered by plug-in electric cars in the US (through December 2021) amounted to 68 billion miles (109 billion miles).

U.S. Department of Transportation, Federal Highway Administration, December 2021 Traffic Volume Trends, 2022.

The report estimates that over 2.1 million plug-in electric cars have been sold in the US through December 2021 (about 1.3 million all-electric and 0.8 million plug-in hybrids), equipped with a total of more than 110 GWh of batteries, even as EV sales remain behind gas cars in overall market share.

It's also estimated that 19.1 billion electric miles traveled in 2021 reduced the national gasoline consumption by 700 million gallons of gasoline or 0.54%.

On the other hand, plug-ins consumed some 6.1 terawatt-hours of electricity (6.1 TWh is 6,100 GWh), which sounds like almost 320 Wh/mile (200 Wh/km), aligning with projections that EVs could drive a rise in U.S. electricity demand over time.

The difference between the fuel cost and energy cost in 2021 is estimated at $1.3 billion, with Consumer Reports findings further supporting the total cost advantages.

Cumulatively, 68 billion electric miles since 2010 is worth about 2.5 billion gallons of gasoline. So, the cumulative savings already is several billion dollars.

Those are pretty amazing numbers and let's just imagine that electric cars are just starting to sell in high volume, a trend that mirrors global market growth seen over the past decade. Every year those numbers will be improving, thus tremendously changing the world that we know today.

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Canada Renewable Power sees Prairie Provinces surge as Canada Energy Regulator projects rising wind, solar, and hydro capacity in Alberta, Saskatchewan, and Manitoba, replacing coal, expanding the grid, and lowering emissions through 2023.

Key Points

A CER outlook on Canada's grid: Prairie wind, solar, and hydro growth replacing coal and cutting emissions by 2023.

✅ Prairie wind, solar capacity surge by 2023

✅ Alberta, Saskatchewan shift from coal to renewables, gas

✅ Manitoba strengthens hydro leadership, low-carbon grid

Canada's Prairie Provinces will lead the country's growth in renewable energy capacity over the next three years, says a new report by the Canada Energy Regulator (CER).

The online report, titled Canada's Renewable Power, says decreased reliance on coal and substantial increases in wind and solar capacity will increase the amount of renewable energy added to the grid in Alberta and Saskatchewan. Meanwhile, Manitoba will strengthen its position as a prominent hydro producer in Canada. The pace of overall renewable energy growth is expected to slow at the national level between 2021 and 2023, in part due to lagging solar demand in some markets, but with strong growth in provinces with a large reliance on fossil fuel generation.

The report explores electricity generation in Canada and provides a short-term outlook for renewable electricity capacity in each province and territory to 2023. It also features a series of interactive visuals that allow for comparison between regions and highlights the diversity of electricity sources across Canada.

Electricity generation from renewable sources is expected to continue increasing as demand for electricity grows and the country continues its transition to a lower-carbon economy. Canada will see gradual declines in overall carbon emissions from electricity generation largely due to Saskatchewan, Alberta, Nova Scotia and New Brunswick replacing coal with renewables and natural gas. The pace of growth beyond 2023 in renewable power will depend on technological developments; consumer preferences; and government policies and programs.

Canada is a world leader in renewable power, generating almost two-thirds of its electricity from renewables with hydro as the dominant source, and the country ranks in the top 10 for hydropower jobs worldwide. Canada also has one of the world's lowest carbon intensities for electricity.

The CER produces neutral and fact-based energy analysis to inform the energy conversation in Canada. This report is part of a portfolio of publications on energy supply, demand and infrastructure that the CER publishes regularly as part of its ongoing market monitoring.

Report highlights

• Wind capacity in Saskatchewan is projected to triple and nearly double in Alberta between 2020 and 2023 as wind power becomes more competitive in the market. Significant solar capacity growth is also projected, with Alberta adding 1,200 MW by 2023, as Canada approaches a 5 GW solar milestone by that time.
• In Alberta, the share of renewables in the capacity mix is expected to increase from 16% in 2017 to 26% by 2023, with a renewable energy surge supporting thousands of jobs. Similarly, Saskatchewan's renewable share of capacity is expected to increase from 25% in 2018 to 33% in 2023.
• Renewable capacity growth slows most notably in Ontario, where policy changes have scaled back growth projections. Between 2010 and 2017, renewable capacity grew 6.8% per year. Between 2018 and 2023, growth in Ontario slows to 0.4% per year as capacity grows by 466 MW over this period.
• New large-scale hydro, wind, and solar projects will push the share of renewables in Canada's electricity mix from 67% of installed capacity in 2017 to 71% in 2023.
• Hydro is the dominant source of electricity in Canada accounting for 55% of total installed capacity and 59% of generation, though Alberta's limited hydro stands as a notable exception, with B.C., Manitoba, Quebec, Newfoundland and Labrador, and Yukon deriving more than 90% of their power from hydro.
• The jurisdictions with the highest percentage of non-hydro renewable electricity generation are PEI (100%), Nova Scotia (15.8%), and Ontario (10.5%).
• In 2010, 62.8% of Canada's total electricity generation (364 681 GW‧h) was from renewable sources. By 2018, 66.2% (425 722 GW‧h) was from renewable sources and projected to be 71.0% by 2023.

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IEA Electricity Market Outlook 2023-2025 projects faster demand growth as renewables and nuclear dominate supply, stabilizing power-sector carbon emissions, with Asia leading expansion despite energy crisis shocks and weather-driven volatility.

Key Points

IEA forecast for 2023-2025 electricity demand: renewables and nuclear meet growth as power-sector emissions hold steady.

✅ Asia drives >70% of demand growth

✅ Renewables and nuclear meet most new supply

✅ CO2 intensity declines; grid flexibility vital

The world’s electricity demand growth slowed only slightly in 2022, despite headwinds from the energy crisis, and is expected to accelerate in the years ahead

Renewables are set to dominate the growth of the world’s electricity supply over the next three years as, renewables eclipse coal in global generation, together with nuclear power they meet the vast majority of the increase in global demand through to 2025, making significant rises in the power sector’s carbon emissions unlikely, according to a new IEA report.

After slowing slightly last year to 2% amid the turmoil of the global energy crisis and exceptional weather conditions in some regions, the growth in world electricity demand is expected to accelerate to an average of 3% over the next three years, the IEA’s Electricity Market Report 2023 finds. Emerging and developing economies in Asia are the driving forces behind this faster pace, which is a step up from average growth of 2.4% during the years before the pandemic and above pre-pandemic levels globally.

More than 70% of the increase in global electricity demand over the next three years is expected to come from China, India and Southeast Asia, as Asia’s power use nears half of the world by mid-decade, although considerable uncertainties remain over trends in China as its economy emerges from strict Covid restrictions. China’s share of global electricity consumption is currently forecast to rise to a new record of one-third by 2025, up from one-quarter in 2015. At the same time, advanced economies are seeking to expand electricity use to displace fossil fuels in sectors such as transport, heating and industry.

“The world’s growing demand for electricity is set to accelerate, adding more than double Japan’s current electricity consumption over the next three years,” said IEA Executive Director Fatih Birol. “The good news is that renewables and nuclear power are growing quickly enough to meet almost all this additional appetite, suggesting we are close to a tipping point for power sector emissions. Governments now need to enable low-emissions sources to grow even faster and drive down emissions so that the world can ensure secure electricity supplies while reaching climate goals.”

While natural gas-fired power generation in the European Union is forecast to fall in the coming years, as wind and solar outpaced gas in 2022, based on current trends, significant growth in the Middle East is set to partly offset this decrease. Sharp spikes in natural gas prices amid the energy crisis have in turn fuelled soaring electricity prices in some markets, particularly in Europe, prompting debate in policy circles over reforms to power market design.

Meanwhile, expected declines in coal-fired generation in Europe and the Americas are likely to be matched by a rise in the Asia-Pacific region, despite increases in nuclear power deployment and restarts of plants in some countries such as Japan. This means that after reaching an all-time high in 2022, carbon dioxide (CO2) emissions from global power generation are set to remain around the same level through 2025.

The strong growth of renewables means their share of the global power generation mix is forecast to rise from 29% in 2022 to 35% in 2025, with the shares of coal- and gas-fired generation falling. As a result, the CO2 intensity of global power generation will continue to decrease in the coming years. Europe bucked this global trend last year, however. The CO2 intensity of Europe’s power generation increased as a result of higher use of coal and gas amid steep drops in output from both hydropower, due to drought, and nuclear power, due to plant closures and maintenance. This setback will be temporary, though, as Europe’s power generation emissions are expected to decrease on average by about 10% a year through 2025.

Electricity demand trends varied widely by region in 2022. India’s electricity consumption rose strongly, while China’s growth was more subdued due to its zero-Covid policy weighing heavily on economic activity. The United States recorded a robust increase in demand, driven by economic activity and higher residential use amid hotter summer weather and a colder-than-normal winter, even as electricity sales projections continue to decline according to some outlooks.

Demand in the European Union contracted due to unusually mild winter weather and a decline in electricity consumption in the industrial sector, which significantly scaled back production because of high energy prices and supply disruptions caused by Russia’s invasion of Ukraine. The 3.5% decrease in EU demand was its second largest percentage decline since the global financial crisis in 2009, with the largest being the exceptional contraction due to the COVID-19 shock in 2020.

The new IEA report notes that electricity demand and supply worldwide are becoming increasingly weather dependent, with extreme conditions a recurring theme in 2022. In addition to the drought in Europe, there were heatwaves in India, resulting in the country’s highest ever peak in power demand. Similarly, central and eastern regions of China were hit by heatwaves and drought, which caused demand for air conditioning to surge amid reduced hydropower generation in Sichuan province. The United States also saw severe winter storms in December, triggering massive power outages.

These highlight the need for faster decarbonisation and accelerated deployment of clean energy technologies, the report says. At the same time, as the clean energy transition gathers pace, the impact of weather events on electricity demand will intensify due to the increased electrification of heating, while the share of weather-dependent renewables will continue to grow in the generation mix. In such a world, increasing the flexibility of power systems, which are under growing strain across grids and markets, while ensuring security of supply and resilience of networks will be crucial.

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US electric vehicle momentum is slowing as tax credits expire, tariffs increase costs, and interest rates rise, while Europe and China accelerate EV adoption through stronger incentives, enhanced charging infrastructure, and growth in battery manufacturing.

Why has US Electric Vehicle Momentum Slowed as Globe Surges?

US electric vehicle momentum has slowed due to expiring subsidies, rising costs, and global competition from faster-moving markets.

✅ End of federal tax credits weakened buyer demand

✅ Tariffs and high interest rates raised EV prices

✅ Europe and China expanded incentives and infrastructure

You could be forgiven for thinking that electric cars might finally be gaining momentum in the United States. Last year, battery-powered vehicle sales topped 1.2 million—more than five times the number sold just four years earlier, amid an early-2024 EV surge in deliveries. Hybrid sales tripled over the same period, and in August, battery cars accounted for 10 percent of all new vehicle sales, a record high according to S&P Global Mobility.

Major automakers, including General Motors, Ford, and Tesla, reported record electric-vehicle deliveries this quarter, a rare bright spot in an industry still contending with high interest rates, inflation, and tariffs, and a sign the age of electric cars is arriving.

Yet analysts warn the apparent boom may be short-lived, noting a market share dip in early 2024 that could foreshadow slower growth. Much of the recent surge was driven by buyers rushing to take advantage of a federal subsidy worth up to $7,500 per vehicle—a credit that expired at the end of September. Without it, automakers expect demand to dip sharply.

"It's going to be a vibrant industry, but it's going to be smaller, way smaller than we thought," Ford CEO Jim Farley said Tuesday. General Motors’ CFO Paul Jacobson echoed that concern: "I expect that EV demand is going to drop off pretty precipitously," he told a conference last month.

Even with those gains, the US—still the world’s second-largest car market—remains a laggard compared with global peers, where global EV adoption has accelerated rapidly. Electric and hybrid vehicles accounted for nearly 30 percent of new sales in the UK last year and approximately one in five across Europe. In China, electric models accounted for almost half of all car sales in 2023 and are expected to become the majority this year, according to the International Energy Agency.

Analysts say policy differences largely explain the gap. Other regions have offered stronger incentives, stricter emissions rules, and more aggressive trade-in programs. President Joe Biden tried to close the gap, tightening emissions standards, offering loans for EV investments, and spending billions on charging networks while expanding the $7,500 credit. His goal was to have half of all US vehicle sales be electric by 2030.

Supporters argue that such measures are crucial to keeping American carmakers competitive with Chinese and European manufacturers. But former President Donald Trump, who recently dismissed climate change as a "con job," has vowed to roll back many of those initiatives, echoing arguments that the EV revolution is overstated by proponents. "We're saying ... you're not going to be forced to make all of those cars," Trump said this summer, while signing a bill to strike down California’s plan to phase out gasoline-only car sales by 2035. "You can make them, but it'll be by the market, judged by the market."

Although EVs have become cheaper, they still cost more than comparable gasoline models, and sales remain behind gas cars in most segments. The average US electric car sold for approximately $57,000 in August, which is roughly 16 percent higher than the overall average, according to Kelley Blue Book.

Chinese EV giants such as BYD have been blocked from the US market by tariffs supported by both Biden and Trump, further limiting price competition. Automakers now face the twin challenges of rising tariffs and disappearing subsidies.

"It would have been difficult enough if all you had to deal with were new tariffs, but with new tariffs and the incentive going away, there are two impacts," said Stephanie Brinley of S&P Global Mobility.

Researchers warn that the policy shift could further reduce EV investment. "It's a big hit to the EV industry—there's no tiptoeing around it," said Katherine Yusko of the American Security Project. "The subsidies were initially a way to level the playing field, and now that they're gone, the US has a lot of ground to make up."

Still, Brinley urged caution before declaring the race lost, even as some argue EVs have hit an inflection point in adoption. "Is [electric] really the right thing?" she asked. "Saying that we're behind assumes that this is the only and best solution, and I think it's a little early to say that."

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Inflation Reduction Act Clean Energy drives EV adoption and renewable power, but grid interconnection, permitting, and supply chain bottlenecks slow wind, solar, and offshore projects, risking emissions targets despite domestic manufacturing growth and tax incentives.

Key Points

An IRA push to scale EVs and renewables, meeting EV goals but lagging wind and solar amid grid and permitting delays.

✅ EV sales up 50%, 9.2% of 2023 new cars; growth may moderate.

✅ 32.3 GW added, below 46-79 GW/year needed for climate targets.

✅ Grid, permitting, and supply chain delays bottleneck wind and solar.

A year and a half following President Biden's enactment of an ambitious climate change bill, the landscape of the United States' clean energy transition, shaped by 2021 electricity lessons, presents a mix of successes and challenges. A recent study by a consortium of research organizations highlights that while electric vehicle (EV) sales have surged, aligning with the law's projections, the expansion of renewable energy sources like wind and solar has encountered significant hurdles.

The legislation, known as the Inflation Reduction Act, aimed for a dual thrust in America's climate strategy: boosting EV adoption, alongside EPA emission limits, and significantly increasing the generation of electricity from renewable resources. The Act, passed in 2022, was anticipated to propel the United States toward reducing its greenhouse gas emissions by approximately 40 percent from 2005 levels by the end of this decade, backed by extensive financial incentives for clean energy advancements.

Electric vehicle sales have indeed seen a remarkable uptick, with a more than 50 percent increase over the past year, as EV sales surge into 2024 across the market, culminating in EVs comprising 9.2 percent of all new car sales in the United States in 2023. This growth trajectory met the upper range of analysts' predictions post-law enactment, signaling a strong start toward achieving the Act's emission reduction targets.

However, the EV market faces uncertainties regarding the sustainability of this rapid growth. The initial surge in sales was largely driven by early adopters, and the market now confronts challenges such as high prices and limited charging infrastructure, while EVs still trail gas cars in overall market share. Despite these concerns, projections suggest that even a slowdown to 30-40 percent growth in EV sales for 2024 would align with the law's emission goals.

The renewable energy sector's progress is less straightforward. Despite achieving a record addition of 32.3 gigawatts of clean electricity capacity in the past year, the pace falls short of the projected 46 to 79 gigawatts needed annually to meet the United States' climate objectives. While there is potential for about 60 gigawatts of projects in the pipeline for this year, not all are expected to materialize on schedule, indicating a lag in the deployment of new renewable energy sources.

Logistical challenges are a significant barrier to scaling up renewable energy, especially as EV-driven electricity demand rises in the coming years. Lengthy grid connection processes, permitting delays, and local opposition hinder wind and solar project developments. Moreover, ambitious plans for offshore wind farms are hampered by supply chain issues and regulatory constraints.

To achieve the Inflation Reduction Act's ambitious targets, the United States needs to add 70 to 126 gigawatts of renewable capacity annually from 2025 to 2030—a formidable task given the current logistical and regulatory bottlenecks. The analysis underscores the urgency of addressing these non-cost barriers to unlock the full potential of the law's clean energy and emissions reduction ambitions.

In addition to promoting clean energy generation and EV adoption, the Inflation Reduction Act has spurred domestic manufacturing of clean energy technologies. With $44 billion invested in U.S. clean-energy manufacturing last year, this aspect of the law has seen considerable success, and permanent clean energy tax credits are being debated to sustain momentum, demonstrating the Act's capacity to drive economic and industrial transformation.

The law's impact extends to emerging clean energy technologies, offering tax incentives for advanced nuclear reactors, renewable hydrogen production, and carbon capture and storage projects. While these initiatives hold promise for further emissions reductions, their development and deployment are still in the early stages, with tangible outcomes expected in the longer term.

While the Inflation Reduction Act has catalyzed significant strides in certain areas of the United States' clean energy transition, including an EV inflection point in adoption trends, it faces substantial hurdles in fully realizing its objectives. Overcoming logistical, regulatory, and market challenges will be crucial for the nation to stay on course toward its ambitious climate goals, underscoring the need for continued innovation, investment, and policy refinement in the journey toward a sustainable energy future.

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EV Charging Coal and Oil Claim: Fact-check of kWh, CO2 emissions, and electricity grid mix shows 70 lb coal or ~8 gallons oil per 66 kWh, with renewables and natural gas reducing lifecycle emissions.

Key Points

A viral claim on EV charging overstates oil use; accurate figures depend on grid mix: ~70 lb coal or ~8 gallons oil.

✅ About 70 lb coal or ~8 gal oil per 66 kWh, incl. conversion losses

✅ EVs average ~100 g CO2 per mile vs ~280 g for 30 mpg cars

✅ Grid mix includes renewables, nuclear, natural gas; oil use is low

The claim: Average electric car requires equivalent of 85 pounds of coal or six barrels of oil for a single charge

The Biden administration has pledged to work towards decarbonizing the U.S. electricity grid by 2035. And the recently passed $1.2 trillion infrastructure bill provides funding for more electric vehicle (EV) charging infrastructure, including EV charging networks across the country under current plans.

However, a claim that electric cars require an inordinate amount of oil or coal energy to charge has appeared on social media, even as U.S. plug-ins traveled 19 billion miles on electricity in 2021.

“An average electric car takes 66 KWH To charge. It takes 85 pounds of coal or six barrels of oil to make 66 KWH,” read a Dec 1 Facebook post that was shared nearly 500 times in a week. “Makes absolutely no sense.” 

The post included a stock image of an electric car charging, though actual charging costs depend on local rates and vehicle efficiency.

This claim is in the ballpark for the coal comparison, but the math on the oil usage is wildly inaccurate.

It would take roughly 70 pounds of coal to produce the energy required to charge a 66 kWh electric car battery, said Ian Miller, a research associate at the MIT Energy Initiative. That's about 15 pounds less than is claimed in the post.

The oil number is much farther off.

While the post claims that it takes six barrels of oil to charge a 66 kWh battery, Miller said the amount is closer to 8 gallons  — the equivalent of 20% of one barrel of oil.

He said both of his estimates account for energy lost when fossil fuels are converted into electricity. 

"I think the most important question is, 'How do EVs and gas cars compare on emissions per distance?'," said Miller. "In the US, using average electricity, EVs produce roughly 100 grams of CO2 per mile."

He said this is more than 60% less than a typical gasoline-powered car that gets 30 mpg, aligning with analyses that EVs are greener in all 50 states today according to recent studies. Such a vehicle produces roughly 280 grams of CO2 per mile.

Lifecycle analyses also show that the CO2 from making an EV battery is not equivalent to driving a gasoline car for years, which often counters common misconceptions.

"If you switch to an electric vehicle, even if you're using fossil fuels (to charge), it's just simply not true that you'll be using more fossil fuel," said Jessika Trancik, a professor at the Massachusetts Institute of Technology who studies the environmental impact of energy systems.  

However, she emphasized electric cars in the U.S. are not typically charged using only energy from coal or oil, and that electricity grids can handle EVs with proper management.

The U.S. electricity grid relies on a diversity of energy sources, of which oil and coal together make up about 20 percent, according to a DOE spokesperson. This amount is likely to continue to drop as renewable energy proliferates in the U.S., even as some warn that state power grids will be challenged by rapid EV adoption. 

"Switching to an electric vehicle means that you can use other sources, including less carbon-intensive natural gas, and even less carbon-intensive electricity sources like nuclear, solar and wind energy, which also carry with them health benefits in the form of reduced air pollutant emissions," said Trancik. 

Our rating: Partly false
Based on our research, we rate PARTLY FALSE the claim that the average electric car requires the equivalent of 85 pounds of coal or six barrels of oil for a single charge. The claim is in the ballpark on coal consumption, as an MIT researcher estimates that around 70 pounds. But the oil usage is only about 8 gallons, which is 20% of one barrel. And the actual sources of energy for an electric car vary depending on the energy mix in the local electric grid. 

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