Gas Prices Going Through The Roof Could This Push Electric Vehicles
On this episode of the Christopher Scott Talk Show Podcast:
Some analysts are saying gas prices are set for a 25% increase by 2020 due to environmental regulations on ships. They believe these regulations, once they go into effect will push oil to $90 a barrel. It seems hard to make a doomsday case out of that. I wouldn't be surprised if it led to the development of more efficient ships and growth in that industry but that's another story.
My question: how high do gas prices have to go before it makes economic sense to switch to electric? It's a move that some countries and big companies are betting heavily on. In fact it's predicted that over the next few years 40% of all power generated will come from solar. But, that doesn't take into account the massive demand that could be created from electric vehicles. How's all that balance out?
So hit the play button!
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