The Biden Administration’s signature climate legislation is unleashing a wave of clean energy investment, along with some opportunities and risks for countries like Australia.
Right. But it doesn’t look like a sudden cut-over; it’ll look like oil use dropping something like 5% each year if we require every new vehicle to be an EV.
Something like 3-5 years if it was mandated and people living ordinary lives lived with mid-sized cars instead of pickup trucks with less ability to spot a kid in front of them than a tank.
Right. But it doesn’t look like a sudden cut-over; it’ll look like oil use dropping something like 5% each year if we require every new vehicle to be an EV.
How soon would the supply chains and manufacturing capacity be ready for every vehicle sold in the US to be an ev?
Something like 3-5 years if it was mandated and people living ordinary lives lived with mid-sized cars instead of pickup trucks with less ability to spot a kid in front of them than a tank.
Given trends so far you’ll forgive me if I think even 5 years is way too optimistic.