Market Talk – October 10, 2024
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 102.93 points or 0.26% to 39,380.89 • Shanghai increased 43.07 points or 1.32% to 3,301.93 [...]
The Problem with Cold & Electric Cars
Everyone who ran out and bought an electric car has suddenly discovered that when it gets cold, the battery will lose on average 20-25% of its charge. The idea that electric cars will replace fossil fuels is really a dream. That will work in warm territories, but when it gets cold, they will require more energy production to service them. This comes at a time when power plants also have increased demand to keep people warm. Even a heat-pump, which runs on electric, will stop putting out heat when the temperature drops to 40 degrees F or lower.
If we are indeed going to move to electric cars, then with a new cold-age/ice age approaching, the need to generate more power in winter will present problems nobody considered on the planning board.
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