Firmed Solar Cheaper Than Most Planned Gas Projects in Asia; EVs Could Save Over $300 Billion Annually on Oil Imports

Singapore: Firmed solar can now undercut most of the new gas power capacity Asia is planning to build, while electrifying the region’s road transport could save more than $300 billion a year in oil imports, according to a new analysis by energy think tank Ember. With the closure of the Strait of Hormuz triggering a fresh era of fossil shocks, the report casts these as Asia’s two “superlevers”, one on supply, one on demand, for a switch from imported fossil fuels to homegrown electrotech. The report argues that electrotech is