Well, sure, why not, because there’s no way wind and solar will be able to power all the EVs (via Jo Nova)
EV Battery Factory Will Require So Much Energy It Needs A Coal Plant To Power It
A $4 billion Panasonic electric vehicle battery factory in De Soto, Kansas, will help satisfy the Biden administration’s efforts to get everyone into an EV.
It also will help extend the life of a coal-fired power plant.
Panasonic broke ground on the facility last year. The Japanese company was slated to receive $6.8 billion from the Inflation Reduction Act, which has been pouring billions into electric vehicles and battery factories as part of its effort to transition America away from fossil fuels.
The Kansas City Star reports that the factory will require between 200 and 250 megawatts of electricity to operate. That’s roughly the amount of power needed for a small city.
In testimony to the Kansas City Corporation Commission, which is the state’s equivalent of the Wyoming Public Service Commission, a representative of Evergy, the utility serving the factory, said that the 4 million-square-foot Panasonic facility creates “near term challenges from a resource adequacy perspective,” according to the newspaper.
As a result, the utility will continue to burn coal at a power plant near Lawrence, Kansas, and it will delay plants to transition units at the plant to natural gas.
Huh. What a bummer. All to make batteries for vehicles that most do not want. Too bad all the greeny-weenies are against nuclear power.
Also, continuing in the article
A 15-pound lithium-ion battery holds about the same amount of energy as a pound of oil. To make that battery requires 7,000 pounds of rock and dirt to get the minerals that go into that battery. The average EV battery weighs around 1,000 pounds.
All of that mining and factory processing produces a lot more carbon dioxide emissions than a gas-powered car, so EVs have to be driven around 50,000 to 60,000 miles before there’s a net reduction in carbon dioxide emissions.
So, people are really going to have to keep their forced vehicles for a lot longer than they usually would. The average time people keep cars is 4 years. And this will mean that the residual values for leasing will be horrendous. Combine that with much higher money factors (that’s essentially what you call the APR for leasing), and leasing costs will not be attractive.
Read: New EV Battery Plant Requires Coal Plant To Keep It Running »