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Topic: Are electric cars bad for the oil industry? - page 48. (Read 23618 times)

legendary
Activity: 1288
Merit: 1036
Oh its bad for the oil industry and its bad for our economy. Because if they dont buy oil many workers of the oil industry lose their jobs and if their lose their jobs they cant pay their taxes and if they cant pay taxes the economy will down
People in the oil industry if lose their jobs then they will find a job in the electricity industry as they have to need workers for their newly formed industry and so no one have any problem, and one more thing government will also benefit from the taxes of electric cars.
sr. member
Activity: 420
Merit: 250
I think so. because the user with the largest oil transportation. of course, if your car or motorcycle using other fuels. oil certainly will not be used? prices would decline sharply due to low demand
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
Oh its bad for the oil industry and its bad for our economy. Because if they dont buy oil many workers of the oil industry lose their jobs and if their lose their jobs they cant pay their taxes and if they cant pay taxes the economy will down

Oh I love these postings Cheesy

That same thing could have said:
- the paper industry when computers came out
- the horse industry when cars and trains were invented
- the telegraphy stations when the Internet was getting popular
-[...]
- the banking industry when Bitcoin came out Grin

Well, there were industries that adapted, like postal services that now do not send that many postcards but do quite well because they now send more goods purchased in online shops. And oil is versatile, it's not only used for cars but also for plastics. And electric planes, although they already exist, won't replace kerosene-driven ones for at least 50 years.
hero member
Activity: 742
Merit: 500
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Electric cars are the future. Every big car manufacturer is investing a lot of money and resources into developing new efficient electric motors and batteries that can run for longer and substitute petrol engines completely. The planet is getting polluted every day by gases and the global warming is a real threat to our well-being so if I am going to buy a new car I would get a hybrid or a fully electric one if I have the chance and finances.

yeah, now every vehicle company is trying their best to shift from the oil engine to the electricity system, and for that they spending a lot of their capital so as to achieve their goal, and are doing a number of experiments etc.
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
Electric cars are a big threat for oil companies. But when electric cars are now in used if the using oil as fuel of cars would die of course they will think of another way of earning from their product. Like converting oil into electricity.

Well, that's true, power plants could be a good alternative for them if no car would use fuel, but still, some government wants a green energy, the carbon that it will produce when burned is higher compared to vehicles...besides new plants now are using hydro, windmills, and solar...

You still need a way to generate electricity (though hydro power is very efficient and is also a source of renewable clean energy) and perhaps in the beginning stages of having  a majority of people using electric cars, there would still linger some oil. It's good having less oil used for cars - we'll stop consistent pollution. However, there are also other car models that are even better than electricity in terms of pollution, like hydrogen vehicles.

The only reason electric cars would really be better than those is due to how there are less hydrogen fueling stations than charging stations.

Yes it really existing in market now but only few people are having or adopting it for now but i think oil players thinks bad for having bunch of numbers of electric cars running at street its a lose of income for them and my lead for closure of their business
copper member
Activity: 2562
Merit: 2510
Spear the bees
Electric cars are a big threat for oil companies. But when electric cars are now in used if the using oil as fuel of cars would die of course they will think of another way of earning from their product. Like converting oil into electricity.

Well, that's true, power plants could be a good alternative for them if no car would use fuel, but still, some government wants a green energy, the carbon that it will produce when burned is higher compared to vehicles...besides new plants now are using hydro, windmills, and solar...

You still need a way to generate electricity (though hydro power is very efficient and is also a source of renewable clean energy) and perhaps in the beginning stages of having  a majority of people using electric cars, there would still linger some oil. It's good having less oil used for cars - we'll stop consistent pollution. However, there are also other car models that are even better than electricity in terms of pollution, like hydrogen vehicles.

The only reason electric cars would really be better than those is due to how there are less hydrogen fueling stations than charging stations.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
Electric cars are a big threat for oil companies. But when electric cars are now in used if the using oil as fuel of cars would die of course they will think of another way of earning from their product. Like converting oil into electricity.

Well, that's true, power plants could be a good alternative for them if no car would use fuel, but still, some government wants a green energy, the carbon that it will produce when burned is higher compared to vehicles...besides new plants now are using hydro, windmills, and solar...
hero member
Activity: 840
Merit: 501
Strength in Numbers
Electric cars are a big threat for oil companies. But when electric cars are now in used if the using oil as fuel of cars would die of course they will think of another way of earning from their product. Like converting oil into electricity.
full member
Activity: 238
Merit: 100
If a plant can charge an iphone using photosynthesis then a car can be fueled then more than just oil.

You also know there are hover bikes that are in working condition?   Wink
So anything is possible in this age of technological phenomenal wonder.  Cool
sr. member
Activity: 350
Merit: 250
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?




The oil industry will be badly hit by the rising interest in electric cars but it will still survive because it is an essential material in the manufacture of plastics and some of its derivatives are used in the pharmaceutical industry.
member
Activity: 70
Merit: 10
There are also hydro-powered cars that are being built, did you guys know?

I hope I live long enough to see our roads populated by those kinds of vehicles.
legendary
Activity: 2604
Merit: 1036
Electric cars are the future. Every big car manufacturer is investing a lot of money and resources into developing new efficient electric motors and batteries that can run for longer and substitute petrol engines completely. The planet is getting polluted every day by gases and the global warming is a real threat to our well-being so if I am going to buy a new car I would get a hybrid or a fully electric one if I have the chance and finances.
hero member
Activity: 756
Merit: 500
factories must modify all standards engine for cars and production costs will more expensive if all cars in the world use electrciity
hero member
Activity: 2618
Merit: 548
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Definitely electric cars has bad effect for the oil companies. Instead of using oil as fuel to our cars it will changed to electricity. They will surely lost in the business if that happens.

Well, that's the only side effect of it, low oil price and low economy to those oil producing countries...But if you look at it in positive way, using electric car could lessen carbon and if we are using solar panels to fuel our electric car, that is renewable energy, it is good for everyone...

As you suggested running with solar energy is good. When we talk of electric cars the pollution caused on the manufacturing of a battery is higher than the carbon emission.
hero member
Activity: 798
Merit: 500
★YoBit.Net★ 350+ Coins Exchange & Dice
Definitely electric cars has bad effect for the oil companies. Instead of using oil as fuel to our cars it will changed to electricity. They will surely lost in the business if that happens.

Well, that's the only side effect of it, low oil price and low economy to those oil producing countries...But if you look at it in positive way, using electric car could lessen carbon and if we are using solar panels to fuel our electric car, that is renewable energy, it is good for everyone...
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
Oh its bad for the oil industry and its bad for our economy. Because if they dont buy oil many workers of the oil industry lose their jobs and if their lose their jobs they cant pay their taxes and if they cant pay taxes the economy will down

It is really bad for oil industry and for economy whos product is oil because electric cars can kill their gdp and many people and overseas workers will lose their jobs because of this tragic and if people convert to electric cars i think many economic country will fall down, because those country relays on oil and oil gives major income in trades in global stock market and if that really happen its devastation to them, although electric cars is eco friendly less emession less polution.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
Definitely electric cars has bad effect for the oil companies. Instead of using oil as fuel to our cars it will changed to electricity. They will surely lost in the business if that happens.
hero member
Activity: 798
Merit: 500
Oh its bad for the oil industry and its bad for our economy. Because if they dont buy oil many workers of the oil industry lose their jobs and if their lose their jobs they cant pay their taxes and if they cant pay taxes the economy will down
full member
Activity: 140
Merit: 100

Even though EVs like the Tesla Model S and Nissan LEAF are mature product offerings that fit into a lot of peoples' lifestyles, we're still in that 2.5% "innovator" phase of the product adoption curve.  I think when we hit the latter phase of the early adopters phase that we'll see a noticeable downward pressure in oil sales from EVs.  When will we get to that point? Around 2019 is my opinion.
legendary
Activity: 1554
Merit: 1054
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?

Then you don`t know how much things are made from oil. It is used for fuel the most, but I don`t think electric cars will destroy oil industry.
And I think now in 21 century people need to realize what is good and what is bad for all of us. Why even talk about this? Is it more important for people to drive fast car or to live in healthy world?
I will choose for a healthy life not a fast car, and you will see more people will choose that option as health is more important for all of us and we are already bothered by the pollution in the air which is spreading  a lot of diseases.
Electric cars will not destroy the oil industry but it will gave a little negative effect on the oil industry, the demand for the oil will be reduced and so the price will also dropped which will return a much less profit for the owners of the oil industry.
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