12/16/2018

An Electric Car Revolution Will Require Perpetual Subsidies

Adding all of these observations together, it is difficult to see BEVs displacing more than 10% of LDV fuel consumption (2% of oil consumption) without perpetual subsidies. Displacing 10% of oil consumption may be possible at a substantial subsidy cost, but pushing beyond that point really sounds increasingly wasteful.

As mentioned earlier, substantially larger cuts in oil consumption and greenhouse gas emissions can be achieved through a range of other channels such as car-free lifestyle options, efficiency improvements (including hybrids), sustainable fuels, conservation (downsizing), and fuel cell technology. It will be a real shame if we get so distracted by BEVs that we fail to harness the great potential of these clean mobility options.

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