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Climate One

No Going Back: EVs and Clean Tech Tipping Points with Albert Cheung

Climate One

Climate One

News Commentary, Earth Sciences, Social Sciences, Science, News

4.7585 Ratings

🗓️ 9 September 2022

⏱️ 53 minutes

🧾️ Download transcript

Summary

In the tech world, there’s a common belief that once a new device hits 5% market penetration, it rapidly goes from a niche to mass adoption. According to Bloomberg, the US has just passed that critical 5% tipping point for new EV purchases. Norway, an oil-rich country, was first to hit that 5% mark in 2013 and today boasts a stunning 86% of new cars being fully electric. Now California is driving the US along a similar road away from gasoline and diesel by passing a new law that will only allow emission free vehicles to be sold by 2035. Even with that California law, how confident can we be that all new American cars will be running clean? What does the 5% tipping point mean for other clean tech adoption?  Guests: Albert Cheung, Head of Global Analysis, BloombergNEF For show notes and related links, visit ClimateOne.org Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

AI is incredible. They can teach you how to fry an egg and even write a poem, pirate style.

0:07.0

But it knows nothing about your work. Slackbot is different. It doesn't just know the facts.

0:14.0

It knows your schedule. It can turn a brainstorm into a brief and it doesn't need to be taught.

0:20.0

Because Slackbot isn't just another

0:22.4

AI. It's AI that knows your work as well as you do. Visit Slack.com forward slash meet Slackbot

0:28.8

to learn more. Hi, it's Greg Dalton. I'd like to hear your comments on the show, topics we should

0:34.5

cover, and guest suggestions. You can reach me at Greg at

0:37.7

Climate1.org. This is Climate One. I'm Greg Dalton. To avoid the worst effects of a climate

0:44.6

catastrophe, we need to get off fossil fuels fast. But what does it take for clean technologies

0:50.4

to reach mass market adoption? I would say that renewables have passed the tipping point.

0:56.4

I think they are the dominant force in the power system today. If you look at all of the power

1:01.3

capacity that's added each year, about two-thirds of it is wind or solar. About 80% of it is

1:07.3

as clean as renewables. That's good news for the power sector, but what can be done to help spur other clean solutions,

1:14.6

like electric vehicles?

1:15.6

I think it's all about creating that policy environment where there's confidence for the automakers to invest.

1:20.6

We saw Ford come forward with its $50 billion EV plan, which really just gives me a lot of confidence

1:26.6

that we are going to see

1:28.3

that mass market adoption in the U.S. in the next few years.

1:31.2

No going back. Evs and clean tech tipping points up next on Climate One.

1:38.8

In the tech world, there's a common belief that once a new device hits 5% market penetration,

1:45.9

it rapidly goes from a niche to mass adoption. Think of smartphones, social media, or even the personal computer. Could the same

1:52.0

be true of the green tech we need to prevent the most dire climate catastrophe? According to Bloomberg,

...

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