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The San Gorgonio Pass Wind Farm near Palm Springs, California. Photo: Robert Alexander/Getty Images

Two reports released yesterday highlight the impressive growth of renewable power and electric vehicles — but also how extremely far they have to go before upending fossil fuels' role in the energy system.

The big picture: Falling costs for solar photovoltaic, wind and battery tech have helped to boost adoption of renewable power and EVs. So have supportive policies in the U.S. and elsewhere.

A new EIA report on the doubling of U.S. renewable power over the last decade notes that last year renewables generated 742 million megawatt-hours of power in 2018 — roughly double the amount from 2008.

Yes, but: Renewables, despite all the growth, were 17.6% of U.S. generation last year.

  • The data underscores the challenge that climate advocates, including backers of the aggressive Green New Deal, have in pushing for vastly accelerated deployment in order to enable steep emissions cuts.

When it comes to global transportation, a new Bloomberg NEF report underscores how EVs have barely begun denting oil use so far.

  • It forecasts that gasoline and diesel fuels displaced by electric cars and buses will be 352,000 barrels per day this year.
  • That's a huge jump from the 23,000 barrels per day displaced 5 years ago.
  • Road fuel use in China last year would have been 4.5% higher without electric cars and buses.
  • However, it's all just a small slice of the roughly 100 million barrel-per-day global oil market.

The bottom line: As Bloomberg's Dan Murtaugh notes in his piece on the report, right now EVs are only trimming the rate of global oil consumption growth.

The intrigue: One noteworthy thing about yesterday's BNEF report is how electric buses, mostly in China, are the biggest driver of EV's petroleum displacement.

  • "To date, e-buses have displaced over four times more fuel than passenger EVs, accounting for over 82% of fuel displacement globally. The majority of the global e-bus fleet is in China," it states.

The big picture: Eventually these numbers will be a lot bigger, though the pace of EV deployment growth is soaked in uncertainty.

  • BNEF, in a long-term outlook last May, projects that by 2040, electric cars and buses will displace a combined 7.3 million barrels per day of fuels.

Go deeper:

Go deeper

Texas Republicans pass new congressional maps in their favor

Photo: Matthew Busch/Bloomberg via Getty Images

The Texas House voted 84-59 late Monday to approve new congressional district maps that reduce the number of districts with Black and Hispanic majorities, per the Texas Tribune.

Why it matters: The legislation comes after recent census figures found Texas' growing diverse population doesn't bode well for Republicans, who then worked to protect incumbents with the redrawn maps.

1 hour ago - World

North Korea's military fires another ballistic missile into sea

A woman in Seoul, South Korea, walks past a television image if North Korean leader Kim Jong-un. Photo: Jung Yeon-je/AFP via Getty Images

North Korea's military fired at least one ballistic missile into the sea off its east coast on Tuesday, per multiple reports.

Why it matters: Pyongyang's latest in a series of recent missile launches happened hours after U.S. officials emphasized their commitment to restart negotiations on North Korea's nuclear weapons program, which have stalled since talks broke down during the Trump administration, AP notes.

Updated 2 hours ago - Politics & Policy

Trump sues National Archives, Jan. 6 committee to block records request

Photo: Chip Somodevilla/Getty Images

President Trump filed a lawsuit Monday seeking to block the National Archives from releasing White House records to the House select committee investigating the Jan. 6 Capitol insurrection, citing executive privilege.

Why it matters: It's the latest escalation in Trump's campaign to disrupt the committee's sweeping probe into the circumstances surrounding Jan. 6, including his actions and communications leading up to the Capitol attack.