Topic: Are electric cars bad for the oil industry? - page 13. (Read 23655 times)
By 2030, the oil industry will lose $ 2 trillion due to the production of electric vehicles, according to Goldman Sachs
Electric cars have a certain impact on the oil industry, but the basic impact is negligible! Because of the high cost of research and development, electric cars are not very large in number of cars, and oil companies are also used in many industries.
oil is a limited energy therefore renewable energy that will be popular in the community such as electricity. the electric car industri will be increasingly popular along with the development of technology and because the electric car is environmentally friendly.
When the electric cars are adopted mainstream and used widely sooner or later it will affect the price, but not now. Only when large number of cars strike the road we can understand the real facts.
Electric car has a little influence on the oil industry, but there is no exact number to reflect, we can't say how much this effect, I think it is very small, because the price of the electric car is very expensive, which leads to the ownership of the electric car is very small, and still less popular.
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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?
It gives unemployment to some drivers when electronic cars are become the transportation of the passengers like in Metro Manila because some didn't avail the cost of electronic car and it reduces pollution to the environment 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 is just a question time.
Running things on electricity vs. oil.
Using crypto vs. fiat.
Now the real question is not WHAT, it is WHEN.
It will take some time till we reach there, maybe not in our lifetime.
Running things on electricity vs. oil.
Using crypto vs. fiat.
Now the real question is not WHAT, it is WHEN.
It will take some time till we reach there, maybe not in our lifetime.
Those in the oil industry must know that they are working with a finite resource, however the price will fluctuate wildly but the long term trend is up. It's just whether all the current systems that run on oil can be converted to other power sources before it runs out. Oil will be fine for a while, it's in a glut right now but that can tighten right up any day.
The idea of an oil free industry, due to the popularity of electric cars in the market, will definitely alarm the global oil industry, Even though it is mentioned that oil is finite resources, it will take a long time to drain all its deposits. It is still one of the highest players in the global market, since almost everything rely on it. Yes, there are alternative power resources being developed, but still, This subject, has to be study deeply. World economy is at stake, every time oil is the topic of discussion.
The crude oil that mined in oil-producing countries is not unlimited, the world's oil reserve will soon slowly depleted in the coming years to come. The invention and mass producing of electric cars will be a big help to the motoring because it will lessen their dependency on oil and it will reduce air pollution. The electric car is not bad for oil industry but it is the oil production because it will continue depleting the oil reserve.
Yes, obviously it will be bad for the oil industry. However, the current number of users is very limited because the production itself is very expensive, but remains a threat. Also, the people behind the petrol / oil industry will not give up without a fight. I think they already have contingency plans if hype happens. It will also have an adverse effect on the economy, somehow because we have been using oil for a long time.
New energy automobile manufacturing cost is higher, so that new energy vehicles sales price is higher, so compared with traditional gasoline diesel car, part of the quantity is small, the impact on oil companies almost negligible! In the years to come, unless the technology of new energy vehicles is made a breakthrough, this phenomenon will not be changed for some time to come!
E-cars will not impacted the oil industry. Oil is not only for fuel for cars, there's a lot of use for oils. Fuel can be converted to electric when proper machine is used. Therefore, even assuming that the cars are running using electricity, still oil is needed to be converted to electricity and different kind products.
This may be bad for the oil industry for the sense that it will greatly affect their sales/revenues. However, oil industry could still be alive since many other things uses oil. Plants for manucfacturers, households, etc use oil.
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?
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?
Wow this is great invention as it will going to force the all oil companies to make the price of oil be at the lower price. Also this will decrease the high problem of air pollution.
manufacturing electric cars will still depend on the oil industry, but it might be bad for the "oil as an energy source" industry.
if for electric cars whether to exacerbate the oil industry in any country, there is currently no certainty, because at this time it seems also there is no provision of the oil industry, which cooperates with the manufacture of mobility.
manufacturing electric cars will still depend on the oil industry, but it might be bad for the "oil as an energy source" industry.
People already can switch to the alternative energy, to electric cars, etc., but oil monopolists and influential people doing everything to hinder such a changes! It's a huge money and power..
Anyway, we are moving in this direction.
Anyway, we are moving in this direction.
Due to introducing of electric cars the oil industry will affected but this will make several advancements like the monopoly of oil industry will come to finish. Bitcoin is good to hold because in the future the Electric cars can be purchased through bitcoin the oil will still use for the rest of the cars. The oil will be used for the machinery as well.
There are plenty of other uses for fuel beyond cars. I think there might be some impact, but not as much as you would expect to happen.
The presence of electric cars will certainly make the world better, air pollution will drop drastically and global warming will soon stop, but it is precisely what many industry fears, they will shut down their business so they agree to inhibit electric cars.
Already the oil producing countries and their suppliers have made the money for decades and our environment is already polluted to due to this. Now we have an alternate to make our environment less polluted and to breathe clean air. All countries in coming years will be thinking on this line and will make changes accordingly so that it can make a way for electric cars.
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