Uh, ok, so where is all the power for these electric cars going to come from? That oil/natural gas/whatever is just going to get burned at some large newly built plan and transferred using a ton of grid upgrades (all likely paid for using bonds).
Moreover, the cars aren't going away, instead of buying one with a ICE, its going to have a battery and some electric motors, the companies producing that will likely need bonds too. So, without attempting to compute the costs of a few dozen gigafactories, rare earth mines, etc, the article seems pretty worthless to me.
Frankly, i've been wondering for the past few years what percentage of a modern car's production cost is actually the gas engine. Modern engine complexity seems to have peaked 20 years ago, and declined. Of course safety, comfort and entertainment systems have exploded in complexity in that same time period, but those are things people expect out of modern electric cars too.
>That oil/natural gas/whatever is just going to get burned at some large newly built plan and transferred using a ton of grid upgrades (all likely paid for using bonds).
Drivers of electric cars can choose their electricity source. Whether they want to pay more for green electricity is up to them. If there is demand more green electricity will be produced. With a ICE there is no choice.
>Frankly, i've been wondering for the past few years what percentage of a modern car's production cost is actually the gas engine.
I don't care about that. I've already paid 30% of my cars value just for the gasoline alone. Even if I had to pay 30% more for an electric car then it would still be worth it because of tax benefits and less maintenance.
Moreover, the cars aren't going away, instead of buying one with a ICE, its going to have a battery and some electric motors, the companies producing that will likely need bonds too. So, without attempting to compute the costs of a few dozen gigafactories, rare earth mines, etc, the article seems pretty worthless to me.
Frankly, i've been wondering for the past few years what percentage of a modern car's production cost is actually the gas engine. Modern engine complexity seems to have peaked 20 years ago, and declined. Of course safety, comfort and entertainment systems have exploded in complexity in that same time period, but those are things people expect out of modern electric cars too.