Post
Topic
Board Economics
Re: Are electric cars bad for the oil industry?
by
genocide
on 26/02/2018, 11:35:33 UTC
Title.

So. Electric cars are gaining in popularity, therefore the popularity of gasoline will be going down. Won't the price go down, leaving the oil industry in trouble?

I don't think so. Electric cars are the only solution if there is a limited supply of gasoline. It is also a government project for a clean and green wherein the community is free from the dust and oil produces with cars using gasoline. But come to think of it, electric cars have a specific limitations. Sometimes it will stuck because it has a low battery or maybe the speed is affected depending how it is charged. The decision remains at the end user, I think.