Someone is smoking crack. Where is all of that electricity going to come from? Windmills? Solar panels installed just a few years ago are needing replacement because that’s what the Sun does. This recommendation is based solely on banking on Washington’s manipulation of the markets with taxpayer dollars. Back to the glorious days of Solyndra!
Like climate change renewable energy right now is a scam, the technology needs fossil fuel to create their renewables. The shift and sweet talk is for the investors and the government poring our tax dollars down the toilet, remember solyndra, there’s a million of them
Nothing to worry about. This failed experiment will no longer be around after fossil fuel is not allowed to produce the raw materials for EVs.
By 2030 we will be back to the horse and buggy era. Sharpen up on your equestrian skills my FRiends
Sure. Forcing everyone except those that can afford EVs onto the bus or train. What might work for Singapore or parts of Europe won’t work anywhere in the US outside of NYC
Passenger vehicles account for just 27% of the end market for petroleum-derived fuel. There’s also aviation, maritime, freight, power generation, etc. All that’s going to go away because Tesla sells a few cars and SUVs to trend-conscious folks with money to burn?
Batteries for EV is a real problem. Until someone comes up with a better way to make a battery for a car to run further, charge faster and be manufactured without draining the earth of the specific materials used to make the present technology, EV on a mass scale is a fool's dream.
People will not accept these vehicles until the technology better suits their needs. The Left can raise the price of gas higher and higher all they want but that won't be enough to get rid of the efficient fossil fuel operated internal combustion engine.
Maybe eventually but we're still decades away from switching over to renewable fuels to run the economy.
what a load of crap
Good news! The EV companies no longer need subsidies.
There is no such thing as renewable energy.
Simple questions:
1). What is projected capacity of electricity production in the US. in 2030?
2). What is the required capacity in 2030 to replace the entire fleet of internal combustion vehicles with electric?
3). How much incremental electrical generation capacity is required to bride the gap?
4). Is there a plan in place today to build the incremental electric capacity required to service the number of electric vehicles needed to replace Internal combustion powered vehicles , plus increase the capacity of the grid to transmit the incremental electricity? We only have 9 years until 2030 so if plans aren’t already on the drawing board and contracts for construction being written today it isn’t going to happen.
A real analyst would have done the math and included it in the article to prove the hypothesis.
Until they solve the range issues and create a charging infrastructure it’s all just a bad joke. I wouldn’t mind driving an electric car if it had the same range and convenience as a gas car. But they flat out don’t yet.
CC
There is a good reason why I pay no attention to “oilprice” articles.
morgan stanley will collapse from its own stupidity before the internal combustion engine is equal to the buggy whip.
This is absolute myopic tunnel vision.
a great resource page. have noted headlines from just the last 3 days:
Stop These Things
11 Feb: Frequency Freak-out: Chaotic Wind & Solar Threaten to Cripple Europe’s Power Grid
10 Feb: It’s Subsidised Wind & Solar or Meaningful Well-Paid Jobs: But You Can’t Have Both
9 Feb: Coal Comfort: Total Collapse in Wind & Solar Output Leaves Freezing Germans Desperate for Coal-Fired Power
https://stopthesethings.com/
Biden has already made moves to reverse that trend.
His executive orders to stop Fracking and his moratorium on leases of federal land for oil and gas exploration is going to drive up the cost of energy across the board and electricity in particular.
Garbage 🗑 “yo energy cost gona sky rockit “
Totally!
Everytime I see the term “renewable energy” it drives me crazy. Science deniers. There is no such thing as renewable energy.
I work in the investment field, and it is shocking how fast the ESG concept has taken over how investments are viewed. It is either all virtual signaling or to promote how they and their buddies can get rich promoting the latest snake oil.