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I agree with the list except the one about fuel costs. that might be true today, but price will probably have to rise too meet increased demand.
by your-nanny 8y ago
I agree with the list except the one about fuel costs. that might be true today, but price will probably have to rise too meet increased demand.
- deleted 8y ago[deleted]
- cyrildorsaz 8y agoThe opposite will actually happen. The rise of renewable energies will decrease energy cost dramatically. In some countries solar generation is already cheaper .
- your-nanny 8y agoenergy is highly regulated market, so I dunno, but in general, increased demand increases price, unless supply grows to meet demand (and there is a competitive market to drive down prices). So more EVs, more demand for electricity, and less demand for gasoline, so former might become more expensive, and the latter cheaper. what actually will happen is going to depend on long term investment decisions, changes in tech, and the specifics of industry regulation (which I'm mostly ignorant of)