Archived Were probably underestimating how quickly electric vehicles will disrupt the oil market (vox.com)
submitted ago by Kannibal
Posted by: Kannibal
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Archived on: 5/4/2017 10:00:00 AM
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Archived Were probably underestimating how quickly electric vehicles will disrupt the oil market (vox.com)
submitted ago by Kannibal
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[–] derram ago
https://archive.is/jjqjB | https://vgy.me/olwrqw.png :
'Yet it is maddeningly difficult to predict the future; forecasts for the EV market are all over the place. '
'How much market share EVs take from oil (gasoline is by far the most common use for oil in the US) will matter a great deal. '
'The rate of EV growth will have huge implications for oil markets, auto markets, and electric utilities. '
'As Cohan notes, however, others are more optimistic:Projections for EV growth feed into projections for oil demand. '
'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. '
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