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10% of cars being electric is huge when it comes to limiting demand. It's enough to whittle gasoline capex down to practically nothing, raising its price and dr
by vinceguidry 10y ago
10% of cars being electric is huge when it comes to limiting demand. It's enough to whittle gasoline capex down to practically nothing, raising its price and driving more and more electric adoption.
Electric cars are an order of magnitude more efficient than ICE cars. The only thing keeping them from going mainstream is the existing industrial base. With growth now impossible in that sector, mainstream adoption is just around the corner.
- martin_bech 10y agoWhy is this getting downvoted? I think its very relevant, that the cost of oil production at lower volume, could be a tipping point. Here en nothern europe, this is already effecting non profitable oildrillings, which are beeing closed, and new drillings beeing postponed or altogether cancelled.
- 08-15 10y ago> Electric cars are an order of magnitude more efficient than ICE cars. Citation needed. (I don't think more than a factor of 3 is possible, in ideal circumstances.)
- coredog64 10y agoThe most efficient vehicles on the market today extract something like 40% of the energy from the fuel they burn. ICE installations can get to around 50%, but that's typically for very large CI engines. Absent comparing something like a top-fuel dragster, I think you're correct about a factor of 3.