Technological advances of solar panels, EV batteries improve efficiency, cut costs
July 5, 2023
Just 20 years ago, a kilowatt of new photovoltaic solar panel electric generation capacity cost more than a hundred times as much as a new kilowatt of natural gas capacity (although the difference was less significant with ongoing fuel costs for the gas plant factored in). General Motors’ EV1 in 1996 completely failed to bring electric cars back.
Technology doesn’t stand still. Today, solar and wind energy are usually the least expensive sources of new generation. Electric vehicles are close to becoming less expensive than internal combustion engine vehicles when comparing total cost o...