Electric Vehicles Will Save The World With A Little Help From Their Friends-Energy Effciency And Renewable Energy (Batteries Drivers Not Necessarily Included)

There has been a significant change in the average price of gasoline in the intervening period which has prompted author James Fenton to revisit the assumptions underlying the original article written by him in 2016. As technology advances, and battery and drivetrain costs continue to drop, plug-in electric vehicle (PEV) sales are expected to keep increasing each year, replacing demand for petroleum with demand for electricity. This additional demand for electricity can be met by widespread deployment of renewables, such as photovoltaic (PV) solar power. The cost of these long-range EVs is substantially dropping as Chevrolet, Tesla, and Nissan release their long range EVs over the next few years. By 2040, electric cars will draw 1,900 terawatt-hours of electricity. One thing is certain: Whenever the oil crash comes, it will only be the beginning. Every year that follows will bring more electric cars to the road, and less demand for oil. Someone will be left holding the barrel