LockH
1 PW
We’re probably underestimating how quickly electric vehicles will disrupt the oil market
http://www.vox.com/science-and-health/2017/2/2/14467748/electric-vehicles-oil-market
Begins:
... and includes:
:"Unpredictably rapid growth happens pretty predictably."
http://www.vox.com/science-and-health/2017/2/2/14467748/electric-vehicles-oil-market
Begins:
Just about every analyst agrees that the electric vehicle market is poised for rapid growth. But how rapid?
It’s not an idle question. The rate of EV growth will have huge implications for oil markets, auto markets, and electric utilities. Yet it is maddeningly difficult to predict the future; forecasts for the EV market are all over the place.
I don’t think the wide range of projections means that we’re blind here, though — I think we can make educated guesses. Specifically, I think history justifies optimism, the belief that the high-end projections (like those in a new study I discuss below) are closer to the truth.
Let’s walk through it.
... and includes:
New study says oil and coal are F’d
Today saw the release of a new study from the Grantham Institute for Imperial College London and the Carbon Tracker Initiative.
http://www.carbontracker.org/report...gy-solar-electric-vehicles-grantham-imperial/
It argues that solar photovoltaics (PV) and EVs together will kick fossil fuel’s ass, quickly.
“Falling costs of electric vehicle and solar technology,” they conclude, “could halt growth in global demand for oil and coal from 2020.” That would be a pretty big deal.