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A carbon tax combined with excess green energy could cause some unexpected results. Currently, most assume that EV cars are the future. However, there are com
by bit_logic 8y ago
A carbon tax combined with excess green energy could cause some unexpected results. Currently, most assume that EV cars are the future. However, there are companies working on processes that can convert CO2 from the air + energy + water into synthetic fuel. There are already working examples of this such as the Canadian company Carbon Engineering. If the energy is green (such as excess solar/wind) this fuel would be basically carbon neutral and exempt from any carbon tax. The process would be economically viable because the carbon tax would raise the price of oil from traditional fossil sources. But the increased price of oil would make a carbon neutral synthetic process like this viable at the same time.
If this happens, the EV car becomes much less competitive. From a pure efficiency view, EV is still much more efficient. But there is a lot of existing infrastructure supporting carbon fuel and billions of cars. This synthetic fuel would immediately fit into that. If there's a heavy carbon tax, can EV complete successfully against a carbon neutral synthetic fuel?
- adrianN 8y agoYes they can because they don't cause air pollution in cities. Air quality standards are only getting stricter.