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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?
In a way it will be a kind of lost for the oil industry.. And another monoply For big traders in the oil business. But electric cars has a limited demands in the market unlike cars that use gas/oil, people still go for the faster and sufficient automotive ride. So i think its not a big effect, it's also depends to the consumers in witch what they prefer the most..