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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?
It seems to look that way, But, if that happens, the oil industry would find its way to survive. We all know that this global market is being manage by the world powers, they are the one who monopolized the oil trade globally. Do you think that they will allow this electric cars to jeopardized one of their biggest earnings? Moreover, the conversion of overall use of renewable energy will not be done overnight. This marketing leaders that control the oil trade worldwide will find its way to counter the effects of modernization.