Technology adoption rates are historically sudden and quick. Adoption rates, transitions (and thus collapse of old tech) are accelerating. Products and the underlying infrastructure to support them now go from 0 to near 100% adoption in a matter of a few years.
If you're waiting for a soft landing to pull your money out of fossil fuels and into sustainable investments, you may want to look at the actual historical adoption trends for technology. Forecasts tend to be conservative. They generally project a soft, clean, slowly ramping curve. But history shows us something quite different. Adoption happens slowly - then suddenly.
By 2022 EVs will cost less to buy and operate than combustion cars. By 2023, the percentage of oil displaced by this transition will be the inflection point for an oil crash. https://www.bloomberg.com/features/2016-ev-oil-crisis/
Technology adoption rates are historically sudden and quick. Adoption rates, transitions (and thus collapse of old tech) are accelerating. Products and the underlying infrastructure to support them now accelerate from 0 to near 100% adoption in a matter of a few years.
By 2022 EVs will cost less to buy and operate than combustion cars. By 2023, the percentage of oil displaced by this transition will be the inflection point for an oil crash. In real estate, many municipalities now prohibit the inclusion of gas infrastructure in all new construction.
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