Just a month ago, companies and investors had a financial incentive to continue investing in new oil and gas projects despite the societal and environmentalist backlash against fossil fuels. Not anymore. In just a couple of weeks, the oil price crash made investments in renewable energy starting to look more attractive. Or at least as attractive as investment in oil and gas. The oil price collapse and the expected economic depression as a result of the coronavirus pandemic—as analysts are now warning of depression rather than recession in many major economies—could slow down the uptake of electric vehicles (EVs). Yet, history suggests that investments in renewable energy, especially wind and solar, are not expected to take a major hit during an oil price collapse, analysts say. Lower oil prices mean lower returns on fossil fuel projects What is more, the internal rate of return (IRR) on clean energy investment […]