Electric-Vehicle Shift Will Keep a Lid on Oil Prices

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Heard on the Street: The world may be moving away from gas guzzlers quicker than planned. Oil prognosticators should take note

German auto supplier Continental said recently that it would cut investment in conventional engine parts because of a faster-than-expected fall in demand. New data also shows diesel car sales in Norway are declining rapidly in favor.

 

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Due to finite quantity of fossil fuels, transition MUST occur. So far technology is lacking & even the hypocrites demand oil & gas.

The Green New Deal talks to replace our 282 million cars with elec cars. Will the Gov be giving new elec cars to immigrants FREE? How will poor people afford one? It will take a HUGE amount of NEW elec power to charge the 290 million new elec cars.

Persons who bought Dodge Challenger Hellcats must be laughing, for as the demand for gasoline falls, so too will the price of gas at the pump, and their fuel bills.

When electric vehicles can match the range of gas engines, and the cost of electricity is able to undercut that of gasoline, it will happen. The question is will these innovations be American or done by someone else. Who is leading the world now the POtuS45 has yielded power?

Ridiculous. Where do people think electricity comes from? Much more expensive.

you still have to generate the electricity

Good luck w that.

Soon it will be cheaper to drive a gas powered vehicle as well. Not to mention none of these cars saves as much energy as it takes to make all the parts for them.

Or not.

More gasoline for me.

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