a lot filled with BMW i3 electric vehicles
Credit: BMW
Mass adoption of electric cars and renewable energy could significantly decrease global consumption of fossil fuels.
But does the established energy industry view these new developments as a threat?
In a recent report, ExxonMobil said coal could continue to provide the majority of the world’s electricity-generation capacity in 2040, and that electric cars would only make up around 10 percent of the U.S. new-car market by that time.
DON’T MISS: Which oil companies invest in renewables, electric-car services?
Yet new estimates from other sources indicate ExxonMobil and other fossil-fuel giants might want to take electric cars and renewable energy more seriously.
Falling costs for both electric cars and solar panels “could halt fossil-fuel growth by 2020,” according to findings by Imperial College London and Carbon Tracker reported by The Guardian.
By 2035, electric cars could make up 35 percent of the vehicle market, and could account for two-thirds […]
Dinosaurs don’t see their own demise. $100 per kwh storage is a delicious prediction! There is an electric pick-up truck in the works out of North Carolina. We need more innovators jumping into electric car market and lots of cheap storage to send renewables spiraling up faster and faster until oil execs are looking for employment!