No, EVs alone require 10 times the current installed energy production. We’re not even close. Expect energy rates to quadruple. The price will increase until people can’t afford the commute with their entire day’s paycheck.
Fossil fuel power plants don’t count. EVs running of fossil fuel make no sense. Remove them from the equation and my prediction becomes extremely optimistic.
EVs are currently running partially on fossil fuel just fine and generating less pollution than ICEs because power plant efficiency is still better than combustion engine efficiency.
Will energy prices become negative when the AI bubble bursts?
No, EVs alone require 10 times the current installed energy production. We’re not even close. Expect energy rates to quadruple. The price will increase until people can’t afford the commute with their entire day’s paycheck.
No they don’t.
The UK national grid estimates there needs to be a 4-5% increase each year, for roughly 15 years. That’s achievable.
The US won’t be too different.
Why quadruple. Where are you getting this from?
They obviously won’t.
Fossil fuel power plants don’t count. EVs running of fossil fuel make no sense. Remove them from the equation and my prediction becomes extremely optimistic.
EVs are currently running partially on fossil fuel just fine and generating less pollution than ICEs because power plant efficiency is still better than combustion engine efficiency.