Post
Topic
Board Economics
Re: No petrol/diesel car sales by 2035/ Reality or dream?
by
Alpha Marine
on 14/10/2023, 21:58:35 UTC
In my opinion, the economics of electric cars are quite high and maintenance is not in accordance with the economy of society in general, electric cars are suitable for those with high incomes, not for those with middle and low incomes.

Some people argue that this will flood the market with EVs thereby making it less expensive but I disagree.
No matter how flooded it get, it won't be sold below the production cost and the cost of producing electric vehicles is quite high.

2035 is just a decade and two years from now, that's a very short time to transition from petrol and diesel to 100% EV.
I believe the world will get to that level one day, but it won't be within the next decade.
More advancement needs to happen. This would happen when they have found a way to minimize the production cost and fix most of the disadvantages of EVs such as charging time and travel distance etc.

But are these governments really ready to move on from oil? They make so much money from oil and other oil products, so when every car no longer needs oil, products like petrol, engine oil, and diesel, oil loses its value, thereby making these government and top shots in the oil business lose money. Are they really ready for that?