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"These new scenarios do not reflect hippie idealism, they just take seriously a) the cost curves demonstrated by PV, EVs, and batteries so far, and b) what coun
by spenrose 10y ago
"These new scenarios do not reflect hippie idealism, they just take seriously a) the cost curves demonstrated by PV, EVs, and batteries so far, and b) what countries said they would do in Paris. ... If these forecasts play out, fossil fuels could lose 10 percent market share to PV and EVs within a decade. A 10 percent loss in market share was enough to send the US coal industry spiraling, enough to cause Europe’s utilities to hemorrhage money. It could seriously disrupt life for the oil majors."
http://www.vox.com/science-and-health/2017/2/2/14467748/electric-vehicles-oil-market http://www.vox.com/science-and-health/2017/2/2/14467748/elec...
- prostoalex 10y ago> It could seriously disrupt life for the oil majors. Things weren't exactly groovy for them the last few years with sub-$40 oil.
- adrianN 10y agoThey still have billions in profits each year.
- audunw 10y agoI wonder, if the oil price crashes, and the gasoline prices fall, will that become a setback for EVs? Or will people have already lost confidence in ICE by then? I imagine that if gas stations start to shut down due to low profitability, people will start worrying about whether their local gas stations is still operating in 5 years. So even if gas becomes dirt cheap, it might not become a setback. We'll see. Interesting times ahead.