Can EVs Benefit Coal?

[Marina Schwarz + 1,576]

Electric cars will drive higher electricity demand and higher coal and gas demand, too, says Forbes' Jude Clemente. Now, I rarely agree with Clemente's arguments but he seems to have a point here. Unless solar and wind adoptions doesn't boom suddenly, which is unlikely to happen.

[Rodent + 1,424]

16 hours ago, Marina Schwarz said:

Electric cars will drive higher electricity demand and higher coal and gas demand, too, says Forbes' Jude Clemente. Now, I rarely agree with Clemente's arguments but he seems to have a point here. Unless solar and wind adoptions doesn't boom suddenly, which is unlikely to happen.

which is ironic, isn't it?

[Marina Schwarz + 1,576]

Very. but I'm not sure at what rate coal use is falling, if it is falling at all.

[Rodent + 1,424]

Coal power in the United States accounted for 39% of the country's electricity production at utility-scale facilities in 2014, 33% in 2015, and 30.4% in 2016.

Seems kind of significant.