Re:Google Passes Exxon to Become Second-Most Valuable U.S. C...
by 3pt14159 on Saturday February 08, 2014 @01:30AM
(#7200497)
It is more efficient to generate power in a power plant, transmit the energy, then drive a car with it.
This is especially true when you take into account cheaper electricity at night, and regenerative breaking.
The expensive part right now is the upfront cost of lightweight batteries, and the small economics of scale.
But battery technology is continuously improving, so is economics of scale, and electricity production from non-fossil fuel sources.
I'm not saying Exxon is dead, I'm just saying that it is insane to ignore what is right in front of us. If gasoline doubles in price once more (in real terms) then the internal combustion engine is over.
This is especially true when you take into account cheaper electricity at night, and regenerative breaking.
The expensive part right now is the upfront cost of lightweight batteries, and the small economics of scale.
But battery technology is continuously improving, so is economics of scale, and electricity production from non-fossil fuel sources.
I'm not saying Exxon is dead, I'm just saying that it is insane to ignore what is right in front of us. If gasoline doubles in price once more (in real terms) then the internal combustion engine is over.