Quote from: chipzeru on March 31, 2018, 10:10:39 AM

Quote from: Decoded on March 21, 2016, 09:13:13 PM

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?

Yes, Electric car is a threat to oil industry but in small percentage. Eventhough electric car is getting popular but the other transportations still using gasoline. For example, there's still no electric airplane and ship especially electric cargo ship. They are still rely on gasoline as fuel. I think the real biggest problem with oil industry is oil has limited availability and won't last forever. I hope there will be electric airplane and ship in the future.

Although electric cars do not have too much harm to the environment, that's fine but it still has too many disadvantages and limitations, that makes it impossible to have too much influence on the oil industry. The cost of production is too expensive and the time to maintain the operation of an electric car is too low, and electric cars is difficult to achieve high speed, it makes electric cars not a favorite product on the market, maybe this will change in the future but it will take a very long time for modern technologies to grow