U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes
Green Car Congress
FEBRUARY 24, 2016
The probability of an exploratory oil well being successful was 20% in 1949 and just 16% in the late 1960s, but by 2007 that figure had risen to 69%; today it’s around 50%, according to the US Energy Information Administration. Currently battery costs for an electric vehicle are about $325 per kWh. F of warming.
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