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Gas Prices Going Through The Roof Could This Push Electric Vehicles

  • Broadcast in Current Events
Christopher Scott Show

Christopher Scott Show


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On this episode of the Christopher Scott Talk Show Podcast:

Some analysts are saying gas prices are set for a 25% increase by 2020 due to environmental regulations on ships. They believe these regulations, once they go into effect will push oil to $90 a barrel. It seems hard to make a doomsday case out of that. I wouldn't be surprised if it led to the development of more efficient ships and growth in that industry but that's another story.

My question: how high do gas prices have to go before it makes economic sense to switch to electric? It's a move that some countries and big companies are betting heavily on. In fact it's predicted that over the next few years 40% of all power generated will come from solar. But, that doesn't take into account the massive demand that could be created from electric vehicles. How's all that balance out?

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