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Electric cars trade pump prices for grid prices. In the long run, that should make sense whether there's an oil glut or not, since oil should affect prices in b
by brownbat 11y ago
Electric cars trade pump prices for grid prices. In the long run, that should make sense whether there's an oil glut or not, since oil should affect prices in both columns.[0]
Hybrids trade pump prices for cost of additional (non-oil-based) components. That's going to be a better trade when pump prices are high. It's more contingent.
So... low oil prices could mean we should see more electrics, but fewer hybrids.
[0] Should, hasn't yet, I don't know why. So far lower oil costs are reflected in transportation fuel, but not in household electricity costs.[1]
Maybe because the grid just takes a really long time to shift its energy portfolio? Maybe I'm just completely wrong...
[1] http://www.eia.gov/pressroom/presentations/sieminski_02262015_csis.pdf http://www.eia.gov/pressroom/presentations/sieminski_0226201... : slide 11.
[2] Yes, embedded footnotes. And unreferenced footnotes. Madness.
- greenyoda 11y ago"So far lower oil costs are reflected in transportation fuel, but not in household electricity costs." In 2014, petroleum only accounted for 1% of US electricity generation, so the price of oil isn't likely to have much of an effect on the price of electricity: http://www.eia.gov/tools/faqs/faq.cfm?id=427&t=3 http://www.eia.gov/tools/faqs/faq.cfm?id=427&t=3