"Cost parity" refers to a situation where the costs of two or more things are equivalent, meaning they are the same or very similar. It usually refers to comparing the expenses of different products, services, or methods to determine if they are equally priced.
Full definition
«It's very encouraging that they're delivering passive houses
at cost parity,» he says.
«You'll start seeing much more rapid deployment
once cost parity [with gas cars] is reached,» he said.
Solar is expected to be
reach cost parity with coal by the end of 2016, driving a big change - over.
Similarly, Porter says a company with a differentiation strategy should aim
for cost parity or proximity relative to its competitors by reducing costs in all areas that do not affect differentiation.
«This is the year when we believe we can achieve
true cost parity - producing a premium EV like the Model 3 will be no more expensive than producing an ICE vehicle, something that many believe is not yet possible,» Tesla said.
A return to US$ 100 oil would accelerate investment in electric vehicles and bring forward the moment
of cost parity with petrol and diesel engines, at which point the oil industry risks losing its footing forever and going into run - off.
Applying these ideas, Best Buy is spending more on technical expertise / service — its source of differentiation — while pursuing
low cost parity / proximity in non-differentiated activities like middle management and divisional structure (by cutting middle management and consolidating overseas divisions).
Earlier this year, an investment firm found that
cost parity between gas & diesel cars and electric vehicles could be reached in 2018, and a recent report from the Union of Concerned Scientists (UCS) suggests that for many people in the 50 biggest US cities, driving an EV already costs much less than a conventional vehicle.
In their paper, the researchers note that use of lignocellulosic biomass as a feedsstock could enable large - scale production of these fuels with concomitant significant reductions in greenhouse gas emissions and the potential for
eventual cost parity with petroleum - derived fuels.
As renewable energy sources
approach cost parity with traditional sources, phasing out nuclear power might in Germany be economically smart.
Greater public and private investment into renewable energy R&D; is required in order to bring renewables
into cost parity with fossil fuels.
Accio believes that the systems can achieve
unsubsidized cost parity with coal and natural gas, which would make offshore wind generation with EHD the cheapest energy option for most of the world.
The UK Solar Trade Association estimates that solar PV will be
at cost parity with gas (CCGT) by 2018 - calculating cost by the levelised cost of energy.
As energy - efficient technologies continue to attract funding from government and private research agencies, Miller said he hopes that by 2016, solar cell technology will
reach cost parity with other fuels and be used in many homes across the country.
As I've noted before, in 2013, the IEA estimated EVs would
achieve cost parity with gasoline vehicles when battery costs hit $ 300 per kWh of storage capacity, which the IEA said would happen by 2020.
In order to achieve
cost parity with an internal - combustion engine, battery costs would have to be cut by more than two - thirds and fuel costs would have to more than double today's level.
«Our goal is to get to
cost parity, and then beat commercial meat.»
For example, deployment subsidies like the potential Clean Energy Deployment Administration should primarily seek to achieve learning curves and thus price reductions — not just increased generation capacity — and include provisions that would end such subsidies once a technology has reached
cost parity, or if direct price reductions are not occurring.
With
cost parity to the fossil fuel alternative it makes sense.»
The UK is midwifing offshore wind to
cost parity, for the bad reason of cowardice in the face of NIMBY and Fleet Street opposition to cheaper onshore wind.