Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Adam Rozencwajg: Will EVs Succeed? Efficiency, Emissions and a Potential Catalyst

by April 6, 2024
April 6, 2024
Adam Rozencwajg: Will EVs Succeed? Efficiency, Emissions and a Potential Catalyst

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 — 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.

That’s compared to 30 percent for ICE vehicles, where a significant amount of energy dissipates in the form of heat.

Rozencwajg noted that EVs look great in that scenario, but described it as a faulty comparison because it doesn’t account for how the electrons get into the battery in the first place, or how they are kept there.

‘That 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 — the lithium, the cobalt, the nickel, the copper — and then to assemble and manufacture the battery, which is also incredibly energy intensive,’ he said.

‘When we put it all together, there was really very little doubt in our minds that the total energy — we’re talking cradle to grave — of an EV was far greater than an internal combustion engine,’ Rozencwajg added.

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

‘The devil’s 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 — some huge number — of the reduction in CO2 in Norway over the last 15 years,’ he explained during the interview.

Continuing, Rozencwajg said Norway’s gasoline and oil demand hasn’t moved during that time.

‘On the other hand, you’ve had to put 500,000 EVs on the road in Norway, and that’s created a huge amount of CO2 because of all the energy that goes into making the battery … 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,’ he said.

Watch the interview above for more detailed thoughts from Rozencwajg on these concepts.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
ESG Now the “Price of Admission” for Miners as Investors Seek Responsible Companies
next post
MEM TV: Is It Safe To Reenter The Markets?

Related Posts

NorthStar Gaming Changes Date of Q4 and Year-End...

April 25, 2025

Top 5 Canadian Mining Stocks This Week: Wealth...

January 25, 2025

Electric Royalties

July 1, 2023

Lithium Consolidation, Strongly Supported $3M Placement and Strategic...

December 19, 2023

Coelacanth Announces Q1 2025 Financial and Operating Results

May 29, 2025

Resource Drilling Commenced at Butcherbird Project – Updated

May 17, 2024

Top 5 Canadian Mining Stocks This Week: Noble...

March 16, 2025

CanAlaska Confirms High-Grade Uranium Intersections from Winter Program...

August 16, 2023

Aether Global Innovations Corp. Signs Profit and Intellectual...

September 7, 2023

3D Printing Stocks: 9 Biggest Companies in 2023

August 16, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Joe Rabil’s Undercut & Rally Pattern: From DROP to POP

    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

    • Coelacanth Energy

    • Jeffrey Christian: Gold, Silver, PGMs — Short-term Prices and Key Drivers

    • Ericsson, Rogers Launch Canada’s First Underground 5G Network for Smart Mining

    • Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump

    Categories

    • Business (1,259)
    • Investing (2,583)
    • Politics (3,699)
    • Stocks (1,669)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved