DIESEL OR ELECTRIC: WHICH CAR IS LESS HARMFUL, BETWEEN THE ENVIRONMENT AND ECONOMY

Let's abandon the toxic fumes of the green economy and ask ourselves seriously: is an electric car or a diesel car more harmful to society? Our considerations will be based on two completely different points of view:

a) pollution, seen as a CO2 footprint

b) the financial bubble effect, which risks being as devastating to people's economies and lives as a volcano.

Let's start with the first point: actually, is an electric car or a diesel car Euro 6D temp more polluting, that is, of the more modern category and with lower CO2 emissions? In this case I would like to quote a good article from the end of 2019 by a well-known German austere economist Hans Werner Sinn, a person with his head, but certainly rational. On Project Syndicate the scholar listed two studies, one Austrian and one German, which highlighted the following:

At the beginning of this year, physicist Christoph Buchal and I published a research paper which shows that, in the context of the German energy mix, an electric vehicle emits a little more CO2 than a modern diesel car, even if its battery gives drivers just over half the range of a diesel tank . And shortly thereafter, the data published by VW confirmed that his e-Golf vehicle emits a little more CO2 than its Golf Diesel within the German energy mix. (If based on the global European energy mix, which includes a huge share of nuclear energy from France, the e-Rabbit has slightly better rates than the Golf Diesel.)

Adding further evidence, the Austrian thinktank Joanneum Research has just published a large-scale study commissioned by the Austrian automotive association ÖAMTC and its German counterpart, ADAC, which also confirms these findings. According to this study, a medium-sized electric car in Germany must travel 219,000 km before starting to outperform the corresponding diesel car in terms of CO2 emissions . The problem, of course, is that cars in Europe only last 180,000 km on average. Worse still, according to Joanneum, EV batteries don't last long enough to reach that distance , unfortunately, drivers' anxiety about the autonomy of cars drives them to recharge their batteries too often, on every occasion, and using recharging fast, which is negative for the life of the batteries themselves ”.

The problem is that the CO2 emission of a basic electric car depends on the energy mix with which electricity is created for the network. If this is not "Green", neither is the electric car. Furthermore, the production of an electric car, with numerous components based on rare minerals (Lithium in the first place), results in an energy fallout higher than that of diesel cars. Now Hans Werner Sinn will not be a nice character, but he is definitely not a fanfare.

b) Let's see the financial bubble effect . EV cars are the financial bubble of the beginning of the 21st century, exactly as cars were for the crisis of 1907. Today Tesla has surpassed the quotation of 1000 dollars per share:

Now Tesla capitalizes $ 190 billion, VW only $ 84 billion. VW also has a range of electric cars, indeed it is focusing heavily on eGolf 8 and ID.3 and on the whole future electric range. But Tesla is not the only case of an "Eccentric" evaluation, inflated by a mix of excessive expectations and liquidity of the Fed.

But Tesla isn't the only oddity in the EV world. Nikola, (NKLA on Nasdaq) is currently the largest truck manufacturer in the world … and has NOT PRODUCED A SINGLE SERIES CAR, but only prototypes. A company that is currently only collecting pre-orders for its Badger truck, is worth 23 billion dollars….

GM and Ford are also thinking about the production of Truck EV, and then there's the Tesla Cybertruck. What is now a boom will in the future be a crash that will leave many, but many, empty wallets …


Telegram
Thanks to our Telegram channel you can stay updated on the publication of new articles of Economic Scenarios.

⇒ Sign up now


The article DIESEL OR ELECTRIC: WHICH CAR IS LESS HARMFUL, BETWEEN ENVIRONMENT AND ECONOMY comes from ScenariEconomici.it .


This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/diesel-o-elettrica-quale-auto-e-meno-dannosa-fra-ambiente-ed-economia/ on Wed, 10 Jun 2020 21:12:00 +0000.