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I don't understand that idea. From what I understand, most oil is used for transportation, so if EV's get cheaper than ICE, which it seems is going to happen in
by woodandsteel 10y ago
I don't understand that idea. From what I understand, most oil is used for transportation, so if EV's get cheaper than ICE, which it seems is going to happen in less than a decade, won't all the newly-prosperous developing world people buy EV's instead?
- mikeash 10y agoI'd be surprised if it happens that quickly for the low-end cars that newly-prosperous people in third-world countries would buy. Even if it does, insufficient electrical infrastructure might get in the way. In any case, I'm not saying it must happen this way, only that it's a possible basis for such a prediction that doesn't rely on oil companies being stupid or duplicitous.