The sweet spot for electric vehicle ownership has been achieved, with the average zero-emission model already cheaper to own than a petrol car, new research claims. In 2020, the average lifetime running costs – including purchase price – for an electric car is £52,133, while an equivalent petrol model is £53,625. On average, an electric […]
WoodMac: Solar and Storage Prices Falling Faster Than Expected Due to COVID-19
Weakness in the global markets for solar modules and batteries is pushing down U.S. system costs more rapidly than forecast. The fallout from the coronavirus pandemic and the looming threat of recession are expected to drive down pricing for front-of-the-meter solar and storage systems even faster than expected. Project construction delays and tightening consumer spending […]
WoodMac: Lifting US Import Tariffs Would Knock 30 Percent Off Solar System Prices
Solar panels imported into the U.S. are significantly more expensive than those sold into the EU and Australia, WoodMac says. Solar system prices dropped 90 percent over the last nine years, but the decline was tempered by American trade tariffs, leaving U.S. prices 45 percent above those in Europe and Australia, according to new research […]