CleanTechnica•about 1 month ago
Driving A Car On HVO Is 79% More Expensive Than An Electric Car — New Analysis
Key Takeaway
The high cost of advanced biofuels strengthens the economic and environmental case for electrification across transportation sectors, driving increased demand for electricity generation and grid infrastructure.
AI Summary
- •New analysis indicates HVO (advanced biofuel) is 79% more expensive than powering an electric car, challenging its viability as an affordable 'drop-in' fossil fuel replacement for transportation.
- •This significant cost disparity reinforces the economic case for fleet electrification for large power consumers and logistics companies, driving increased electricity demand.
- •The findings suggest a potential shift in policy and investment away from advanced biofuels and towards grid-based electrification solutions, impacting future energy infrastructure planning.
- •For IPPs and developers, this strengthens the long-term demand forecast for electricity generation (renewables, storage, flexible thermal) and associated grid infrastructure to support growing EV adoption.
Topics
ccgtdatacenteremissionsfinancinginterconnectpolicysolarstoragetransmissionwind
Article Content
Advanced biofuels are not the affordable alternative to oil that the fuels industry claims. Biofuels are being touted as an affordable alternative to oil during the energy crisis, but new research finds that pure HVO, the most widely promoted ‘drop in’ replacement for fossil fuels, is 79% more expensive, on average, than ... [continued] The post Driving A Car On HVO Is 79% More Expensive Than An Electric Car — New Analysis appeared first on CleanTechnica .