When the very first cars were built, only the rich could afford it, but now a large part of the population (in developed countries) has one or more.
What do you think will be such an evolution in the future?
When the very first cars were built, only the rich could afford it, but now a large part of the population (in developed countries) has one or more.
What do you think will be such an evolution in the future?
Yeah but you’re not paying excise duty on that vegetable oil, which you are supposed to do if you’re using it to fuel your car. To give you an idea of the price impact, diesel costs about €1.9 per liter where I live, and heating oil which is essentially the same thing only costs €0.5 per liter. The only realy difference is how excise and taxes are calculated.
It also doesn’t take into account the effects of supply limitations and scarcity when scaling up. Put simply, there is simply not enough vegetable oil in the world to supply half of Europe’s cars driving on it. Scarcity will drive prices up, and it will drive a shift away from land that is currently used for food production towards using it to produce vegetable oil. I don’t think we should want that.