- Joined
- Dec 31, 2016
- Messages
- 11,375
- Reaction score
- 2,650
- Gender
- Male
- Political Leaning
- Independent
Renewables and electric cars are now sound investments.
Renewable Energy and Electric Cars Pressure Oil Economically as Well as Environmentally - 24/7 Wall St.
Investing in renewable energy gets a lot of attention for being the “right thing” to do to save the planet from the effects of climate change. Rarely, however, is it praised as a sound economic investment. That could be changing.
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"Our analysis indicates that for the same capital outlay today, new wind and solar-energy projects in tandem with battery electric vehicles (EVs) will produce 6x-7x more useful energy at the wheels than will oil at $60/[barrel] for gasoline-powered LDVs, and 3x-4x more than will oil at $60/[barrel] for LDVs running on diesel.” (EVs are defined as all-electric vehicles, not hybrids, plugin or otherwise.)
Renewable Energy and Electric Cars Pressure Oil Economically as Well as Environmentally - 24/7 Wall St.
Investing in renewable energy gets a lot of attention for being the “right thing” to do to save the planet from the effects of climate change. Rarely, however, is it praised as a sound economic investment. That could be changing.
...
"Our analysis indicates that for the same capital outlay today, new wind and solar-energy projects in tandem with battery electric vehicles (EVs) will produce 6x-7x more useful energy at the wheels than will oil at $60/[barrel] for gasoline-powered LDVs, and 3x-4x more than will oil at $60/[barrel] for LDVs running on diesel.” (EVs are defined as all-electric vehicles, not hybrids, plugin or otherwise.)