Germany has brought forth a proposal to ban the sale of all internal combustion vehicles by the year 2030. This is a major arrangement concerning the world as an entirety. If this would to pass through the legislation, then Germany would be looking towards an electric future and virtually no carbon monoxide emissions. This would not only cause the decrease in the carbon footprint but a major hit to the oil industries and even the car companies. Germany wouldn’t be the only country to implement this law. It is most likely that all of Europe would follow in the same footsteps towards a greener environment. A world with little to no carbon monoxide penetrating the ozone layer sounds like a wonderful idea. One of the problems is that you don’t
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According to Tom Randall at Bloomberg Magazine, “Electric Vehicle (EV) sales grew by 60% worldwide last year… if they continued to grow at the same rate, then EVs could displace oil demand of 2 million barrels a day as early as 2023.” This is a crude estimate assuming that the sale of EVs would stay at a 60% increase every year, which is highly unlikely, but could ultimately happen by 2028. According to Randall, “By 2040, electric cars will draw an equivalent of 10% of humanities electricity produced last year.” This is an astonishing number considering what I said previously about coal powered plants not making a move to disappear anytime soon. Randall declared four things must happen in order for the sale of EVs to increase. “1) Governments must offer incentives to lower the costs. 2) Manufacturers must accept extremely low profit margins. 3) Customers must be willing to pay more to drive electric. 4) The cost of batteries must come down.” EVs cost more than their gas-powered counterpart and manufactures must accept a minimal profit in order to increase their sales. The batteries that comprise the genetic makeup of an EV are highly expensive and hard to come by. Lithium is the main element involved and can only be found in certain areas of the world. According to Randall, …show more content…
According to Bertel Schmitt at Forbes Magazine, “When EU carmakers are forced by law to produce the 13+ million electric cars the region would need per year, the upstart carmaker would lose its USP (Unique Selling Point), and end up as roadkill.” The electric cars are not cheap to produce, and when forced to produce a large amount, the car companies may be faced with financial problems. American car companies will also take a major financial hit if Germany goes electric. According to Dan Zukowski at EcoWatch.com, “Germany is also the top automobile market for U.S. based manufactures with General Motors selling 244,000 vehicles in 2015 and Ford on track to sell 280,000 this year.” Germany’s ban could hurt the U.S. car manufactures right when they were starting to take off in the European countries. Karl Benz, the founder of BMW and the inventor of the first gas powered automobile may soon have his invention banned its origin
According to Tom Randall at Bloomberg Magazine, “Electric Vehicle (EV) sales grew by 60% worldwide last year… if they continued to grow at the same rate, then EVs could displace oil demand of 2 million barrels a day as early as 2023.” This is a crude estimate assuming that the sale of EVs would stay at a 60% increase every year, which is highly unlikely, but could ultimately happen by 2028. According to Randall, “By 2040, electric cars will draw an equivalent of 10% of humanities electricity produced last year.” This is an astonishing number considering what I said previously about coal powered plants not making a move to disappear anytime soon. Randall declared four things must happen in order for the sale of EVs to increase. “1) Governments must offer incentives to lower the costs. 2) Manufacturers must accept extremely low profit margins. 3) Customers must be willing to pay more to drive electric. 4) The cost of batteries must come down.” EVs cost more than their gas-powered counterpart and manufactures must accept a minimal profit in order to increase their sales. The batteries that comprise the genetic makeup of an EV are highly expensive and hard to come by. Lithium is the main element involved and can only be found in certain areas of the world. According to Randall, …show more content…
According to Bertel Schmitt at Forbes Magazine, “When EU carmakers are forced by law to produce the 13+ million electric cars the region would need per year, the upstart carmaker would lose its USP (Unique Selling Point), and end up as roadkill.” The electric cars are not cheap to produce, and when forced to produce a large amount, the car companies may be faced with financial problems. American car companies will also take a major financial hit if Germany goes electric. According to Dan Zukowski at EcoWatch.com, “Germany is also the top automobile market for U.S. based manufactures with General Motors selling 244,000 vehicles in 2015 and Ford on track to sell 280,000 this year.” Germany’s ban could hurt the U.S. car manufactures right when they were starting to take off in the European countries. Karl Benz, the founder of BMW and the inventor of the first gas powered automobile may soon have his invention banned its origin