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During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. Coal still supplies more power in the US than anything else, with natural gas next. It really isn’t a fair fight. Click to enlarge.
Given the cost of oil and the economic, geopolitical and ecological effects of our continued reliance on petroleum, electric transportation will be cheap. By “quickly,” I mean in 10 to 15 minutes while shopping or eating – not sitting at a Chevron station somewhere).
Dr. Don Paul is the Executive Director, University of Southern California Energy Institute and a former vice president and chief technology officer of Chevron. In general, the sponsor’s goal is to use as much cheap debt financing and as little equity as possible to complete the deal. Energy Markets in a State of Change.
Furthermore, changing the battery pack on say a Toyota Prius often costs a fortune, at least in most European countries, so such cars better be VERY cheap, but they’re not. Even if you charge your EV with electricity made from coal fired generators you reduce your car’s pollution by half.
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