Transferring to EV is expensive, both in terms of new infrastructure, but also in terms of energy usage. We will use more energy to travel the same distances, or we will travel less. Either way we will be the poorer for it. Is Climate Change fear just a way of convincing everyone to accept being poorer, because the oil is running out?
You are right to highlight the investment and effort needed for this huge change, but in energy terms EVs are far MORE EFFICEINT at turning energy into distance traveled, I have no doubt that the running costs will be lower for the poor in the medium term.
The investment in new infrastructure is huge and the diversion of resources into this will cause short term issues for people as priioreties change. Transport is only the start, switching domestic heating away from natural gas will require a similar level of capital investment.
However the oil is not running out and wont run out. Most economists expect peak oils to be reached soon due to the switch to renewables and the Saudis will see oil left in the ground, just like coal is increasingly being left underground in the EU and US.
- Petrol engines are about 30% efficient at turning fuel into motion. The very best large diesels in trucks and large cars can get upto 45% efficientcy.
- EVs are 80%to 85% energy efficient at converting energy to motion.
- fuel cell EVs are about 30% efficient ie similar to ICE
EVs are by far the most efficient vehicle, that is why trains are electrics and diesel electric etc.
BUT WHEN IT COMES TO ZERO CARBON FUELS EVs even more efficient because batteries are very energy efficient at converting energy see enclosed chart
- ICE cars based on sustainable fuels ie using fuel oil derived from carbon capture and Fischer Trops synthesis (FT in the enclosed table) are only 13% efficient.
- The cost of electricity from wind is predicted to fall bellow the cost of electricity from fossil fuels by 2024, its already close.
- as large scale manufacture, distribution and use of EVs gets going the cost of ownership will plummet
So for these reasons EVs will be more affordable than ICE in 10 years time, so I think the poor of the world will see benefits, the challenge is getting over the first few years of change, which may be or may not be painful.
Note in the chart, Power to liquid means making diesel, petrol and aviation fuel using low carbon tech ie carbon capture and Fischer Tropps chemistries to make the fuel. However, whether it be the making of the energy or the consumption of it in the vehicle EVS are way more efficient at both.