Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

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
BPH Energy

Related Posts

Top 10 Uranium-producing Countries (Updated 2024)

April 18, 2024

North Shore Uranium Provides Falcon Property Exploration Update;...

December 20, 2023

Healthcare Stocks: 5 Biggest Companies in 2024

February 27, 2024

Top 5 Canadian Lithium Stocks of 2025

March 27, 2025

Baselode Announces C$5.0 Million Bought Deal Private Placement

January 26, 2024

The United States Department of Defense Awards Multi-Million-Dollar...

November 30, 2023

Understanding the Zinc Spot Price and Zinc Futures...

September 14, 2023

How is the Smart Money Investing in Mining...

February 16, 2024

Top 5 Canadian Silver Stocks of 2024

May 1, 2024

Bold Ventures Presenting at the 2024 Ontario Prospectors...

April 5, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 6

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,028)
    • Investing (2,046)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,347)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.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 thriftybanker.com | All Rights Reserved