[Interview] Will EVs Succeed? Efficiency, Emissions and a Potential Catalyst


Electric vehicles (EVs) have been widely hailed as a key part of the transition to green energy, but are they helping as much as we think they are?

Adam Rozencwajg, CFA, spoke with Charlotte McLeod from Investing News Network about the energy efficiency of EVs and the associated CO2 savings.

"When we put it all together, there was really very little doubt in our minds that the total energy — we're talking cradle to grave — of an EV was far greater than an internal combustion engine. And I think that's ultimately why we're starting to see these EVs begin to pile up on lots, that's why we're ultimately continuing to see subsidies be necessary in order to incentivize people to switch to EVs," said Rozencwajg.

To watch this interview, please click below (filmed April 5, 2024). 

0:00 - Intro
0:29 - How energy-efficient are EVs?
9:52 - Do EVs reduce carbon emissions?
18:35 - Outlook for EV penetration
23:39 - EVs and zero-carbon mining
27:26 - Impact on battery metals
32:36 - Response to Adam's EV ideas
36:39 - What else are we getting wrong?
42:23 - Era of cheap energy is over
44:48 - Outro


Want to learn more from Goehring & Rozencwajg? We invite you to download or revisit our entire Q4 2023 investor research letter, available below.   

2023.Q4 Research - The Norwegian Illusion



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