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this post was submitted on 08 Nov 2023
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It's part of it, but it was this cheap even before those deals were made. Of course geography has a lot to do with it too!
Regions who have a good source of hydro power usually the most flexibility to change up systems relating to electricity.
Its why for example Norway is capable to flip to EVs so quickly (in 2022, 80%+ vehicles sold were EVs). 95% of Norway's electricity is hydro power.