Re:Inflation rises 7.5% over past year, more than expected a...
by bryanlarsen on Thursday February 10, 2022 @12:17PM
(#30289372)
EV sales are over 25% in Europe, over 20% in China, 10% in California. It's far from the majority but remember that price is set at the margin -- supply 99 demand 100 price goes up, supply 101 demand 100 price goes down.
But the biggest factor is that the cost of renewable electricity is dropping fast. And to many industries, they are imperfect substites, so the price of electricity and gas are correlated.
> And the cool thing about energy prices is they feed forward into the cost of literally everything else in future PPI/CPI prints.
Exactly, which is why the forthcoming massive drop in electricity costs has me so excited.
But the biggest factor is that the cost of renewable electricity is dropping fast. And to many industries, they are imperfect substites, so the price of electricity and gas are correlated.
> And the cool thing about energy prices is they feed forward into the cost of literally everything else in future PPI/CPI prints.
Exactly, which is why the forthcoming massive drop in electricity costs has me so excited.