FAQs about Electric Cars

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4. Can the electric car beat fossil fuels?

The electric car is the most effective tool to meet the main objective of the Paris Agreement, such as limiting the increase in global warming to 2ºC, from its pre-industrial level. For this, the transcendental document indicates that greenhouse gas (GHG) emissions must be reduced until they are eliminated. The next question is if the electric car can finally replace internal combustion cars and win the fight against climate change. In advance, our opinion, based on the news that is arriving, a collision of constellations is glimpsed between the deniers and those who believe in global warming. A conflict between supporters of fossil fuels and those who fight against climate change. On the one hand, the future of the electric car seems unstoppable. This has been stated by most manufacturers, which in addition to the words have gone to the facts, as can be seen from the increasing production of electric units. We must also consider the positive attitude of many countries towards the change of energy consumption patterns, that is, the substitution of fossil fuels for clean energies.

However, the update about new explorations and findings of large hydrocarbon deposits is not encouraging. There is also the danger of lifting prohibitions on protected areas, to extract gas or oil. However, the greatest threat is the practice of fracking or hydraulic fracturing, an unconventional technology used to release hydrocarbons embedded in rocks of very low porosity, in huge deposits at depths of up to three and more kilometers. Fracking is used to extract shale gas and shale-oil from the subsoil. Both are equal to their conventional counterparts such as natural gas and oil. In the last decade, especially in the United States, the combined techniques of vertical-horizontal deep drilling and fracking stimulation have evolved intensively, making the extraction of oil and gas a solution to the dependence on imported oil, promoting the burning of fossil fuels. There are also several dozens of countries that have reserves of shale gas and shale-oil under their soils. Some may be tempted to extract them, which would lead to flooding the oil market, quite the opposite of what was previously thought, based on the progressive depletion of conventional deposits. This, in turn, could lead to a significant drop in oil prices and jeopardize the viability of the electric car.

The year 2020 will be when we can begin to clear these unknowns, when the Paris Agreement comes into force. In that scenario, it will be known who is who, when going ahead with signed agreements and disbursing the first one hundred billion dollars for the Green Climate Fund. At that time, we will see the contradictions between what is already agreed and what will be done. There is a lot of money at stake and, therefore, it is not difficult to anticipate that some players will not want to abandon their investments made in hydrocarbons. That is the collision of constellations mentioned above.

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