How many EVs will it take for fuel prices to start decreasing? Or do prices only react to increased demand 🙃
Oil is not produced at maximum rate since the 70ies - which is good. (OPEC) We technically could produce much more and cheaper - but not for long.
I often hear people saying “But where does the electricity for the EV come from? Driving an EV is not better than driving a diesel.”
They have to realize that the thiny ICE in your car is optimised for weight, and has an efficiency of 30-35%. So about ⅔ of the fossil fuel is turned into heat and blown out of the exhaust. Compare that to the turbine in a coal or gas plant, which can archive up to 90% efficiency.
And don’t forget that an EV is an investment, which will likely still be on the road in 20 years time. The electricity mix at the moment is still rather fossil fuel heavy, but this will change completely within the next 10 years.
Edit: not 90% but 40% efficiency. See comments below
We need a professional copy editor on this comment.
Why?
Compare that to the turbine in a coal or gas plant, which can archive up to 90% efficiency.
Nope, you might have seen 90+% efficiency when talking about steam power plants, but that’s the efficiency of the generator(converting the mechanical energy of the the rotating turbogenerator to electricity). You have to multiply with the efficiency of the turbine(converting the energy of the heated gases into the mechanical energy) and there the efficiency is much lower, ~40% for a coal fired and maybe <60% for a gas combined cycle.
Huh, that makes a lot of sense actually. Thanks for correcting!
