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What will cheap gas do to electric cars?
- Spooky23 11y agoYou buy an electric car because you want an electric car. If you wanted to save money, you'd buy a Honda Fit. If you're already willing to pay a $10k+ premium, another $3-5k in fuel savings shouldn't be a problem.
- Outdoorsman 11y agoWhat it is likely to do is make stockholders question the short and long-term strategies of R&D in companies invested (even if only in a subsidiary role) in electrics and hybrids... Important will be the wherewithal to financially ride out the oil glut, essentially buying time until electrics and hybrids fully return to consumer radar... Bad times for the oil industry: US--through fracking, producing record amounts...>oversupply China slowing down...less demand, >oversupply... OPEC refusing to lower output...>oversupply... Iran released from sanctions...>oversupply... Russia, oil dependent economy, forced to sell...>oversupply Uncertain times...