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Aditya Pande
Georgetown University
Aditya Pande is finishing his studies in international economics at Georgetown University's School of Foreign Service. His interests, in addition to energy issues, include growth, inequality, and economic history
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Riding the energy transition: Oil beyond 2040
The motor vehicle was very quick to replace horses in the early 20th century, and the advent of the electric car suggests that another profound shift in transportation and energy could be around the corner. This column projects how different rates of electric car adoption will affect oil demand and consumption over the next three decades. In a fast-adoption scenario, oil prices could converge to the level of current coal prices by the early 2040s. Even under a slow-adoption scenario, oil could become obsolete before it is depleted.
08 December 2016
Macroeconomics
Macroeconomics
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