Search
  • Jeffrey Goldfarb

Down Side of Electric Cars

Electric Car | Battery Advancement | Buffalo, NY | Certified B Corp 

While electric cars appear to be a sustainable mode of transportation at first glance, it is important to acknowledge the fight does not stop on the road. Advancements in battery technology may be making electric cars more affordable, but they cannot be a truly sustainable transportation option until the world uses a sustainable grid.

As the demand for electric cars grow, the demand for recharge stations will grow. This may seem like a win for the environment but when one investigates beyond the street level clean energy they will see some contradictions. For one, electric cars’ environmental benefits may not extend beyond the moment they are used. Ultimately these cars may still be powered by fossil fuels, mostly coal.[1] While the cars themselves will not emit pollutants, the source of the power used to charge them will.

The batteries that power these cars have advanced significantly in a relatively short amount of time. The lithium batteries used have been developed adapted to fit into most of a person’s daily devices like their smart phones and tablets.[2] While further advancements in battery technology will benefit these cars and the environment[3] (by improving the quality/distance traveled per charge), ultimately the answer to bettering the planet with electric vehicles is reducing the carbon output of our grid.

The good news is this does not have to be a radical overnight change. Natural gas, while still a fossil fuel, is not only more affordable than coal, it is releases fewer pollutants.[4] This cannot be a permanent solution on the path to a completely green grid, but a stepping stone. It not only reduces greenhouse emissions, but also offers a more affordable source of energy while the pursuit of a green grid continues.

While the answer to clean transportation is a green infrastructure, one should not be dissuaded by this information from purchasing an electric vehicle (if they were previously planning to do so). While electric vehicles are mostly charged by fossil fuels at this time, they still are responsible for far fewer Co2 emissions per mile than petro powered vehicles:[5] “Even when the electricity comes from the dirtiest coal-dominated grid, electric vehicles (EVs) still produce less global warming pollution than their conventional counterparts, and with fewer tailpipe emissions (or none at all).”[6] So rather than tossing out the idea of clean transportation because it’s not a perfect solution at the moment, it would be better suited to focus on fixing these issues, and moving towards a clean grid step by step.


The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.

[1] https://greentransportation.info/energy-transportation/evs-need-clean-electricity.html

[2] https://www.cnbc.com/2017/10/04/investors-bullish-on-electric-car-battery-tech-mull-lithium-futures.html

[3] https://www.brookings.edu/blog/techtank/2015/09/15/five-emerging-battery-technologies-for-electric-vehicles/

[4] http://www.climatecentral.org/news/electric-cars-green-grid-tennessee-clean-energy-21467

[5] http://www.ucsusa.org/clean-vehicles/electric-vehicles/ev-emissions-tool#.Wfoe7baZO8o

[6] http://www.ucsusa.org/clean-vehicles/electric-vehicles#.Wfoe7baZO8o

0 views
 

Subscribe Form

(716) 842-0145

4549 Main St Suite 200 Buffalo, NY 14226

900 Camp St Suite 4C5 New Orleans, LA 70130

  • Facebook
  • YouTube
  • LinkedIn
  • Twitter

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. Raymond James Financial Services is not affiliated with New Orleans Chamber of Commerce.

https://brokercheck.finra.org/

Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC Privacy Policy</a/<a

Goldfarb Financial is not a registered broker/dealer and is independent of Raymond James Financial Services, Inc. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.

Certification awarded by an independent nonprofit organization B Lab. This certification recognizes businesses that meet rigorous standards of social performance, accountability and transparency. The 2019 Best for the World lists are determined based on the verified B impact Assessments of Certified B Corporations. The B Impact Assessment (BIA) is a free Online tool designed to comprehensively measure the positive impact that businesses generate for their communities, customers, workers, and environment; administered by the independent nonprofit B Lab. Criteria can be found at https://bcorporation.net/2019-best-for-the-world. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of the firms’ or the advisor’s future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. B Impact and Best for the World is not affiliated with Raymond James.

We receive, collect and store any information you enter on our website or provide us in any other way. In addition, we collect the Internet protocol (IP) address used to connect your computer to the Internet; login; e-mail address; password; computer and connection information and purchase history. We may use software tools to measure and collect session information, including page response times, length of visits to certain pages, page interaction information, and methods used to browse away from the page. We also collect personally identifiable information (including name, email, password, communications); payment details (including credit card information), comments, feedback, reviews, recommendations, and personal profile. When you conduct a transaction on our website, as part of the process, we collect personal information you give us such as your name, address and email address. Your personal information will be used for the specific reasons stated above only. We collect such Non-personal and Personal Information for the following purposes: To provide and operate the Services; To provide our Users with ongoing customer assistance and technical support; To be able to contact our Visitors and Users with general or personalized service-related notices and promotional messages; To create aggregated statistical data and other aggregated and/or inferred Non-personal Information, which we or our business partners may use to provide and improve our respective services; To comply with any applicable laws and regulations. All direct payment gateways offered by Wix.com and used by our company adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, MasterCard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of credit card information by our store and its service providers. If you don’t want us to process your data anymore, please contact us at adam.goldfarb@raymondjames.com or send us mail to: 295 Main St Ste 914 Buffalo, NY 14203. We reserve the right to modify this privacy policy at any time, so please review it frequently. Changes and clarifications will take effect immediately upon their posting on the website. If we make material changes to this policy, we will notify you here that it has been updated, so that you are aware of what information we collect, how we use it, and under what circumstances, if any, we use and/or disclose it. If you would like to: access, correct, amend or delete any personal information we have about you, you are invited to contact us at adam.goldfarb@raymondjames.com or send us mail to: 295 Main St Ste 914 Buffalo, NY 14203.

<script type="text/javascript">
_linkedin_partner_id = "2160274";
window._linkedin_data_partner_ids = window._linkedin_data_partner_ids || [];
window._linkedin_data_partner_ids.push(_linkedin_partner_id);
</script><script type="text/javascript">
(function(){var s = document.getElementsByTagName("script")[0];
var b = document.createElement("script");
b.type = "text/javascript";b.async = true;
b.src = "https://snap.licdn.com/li.lms-analytics/insight.min.js";
s.parentNode.insertBefore(b, s);})();
</script>
<noscript>
<img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=2160274&fmt=gif" />
</noscript>