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Why are people so sure of this, especially given the recent plummet in oil prices? Car sales are at all time highs. Why do people assume that there's going to b

by dkrich 9y ago

Why are people so sure of this, especially given the recent plummet in oil prices? Car sales are at all time highs. Why do people assume that there's going to be a mass exodus to Tesla and EV's in the next few years?

bflesch 9y ago
Because many think they will be more comfortable to use, have better entertainment systems and everyone can experience sportscar-like acceleration for spending less money than a gas-powered car.
- lttlrck 9y ago
  What about environmental factors? Or is new-shiny-fast the only way to coerce people to be more eco-friendly?
jessaustin 9y ago
The plummet in oil prices might be anticipating that future?
partingshots 9y ago
Electricity will be cheaper than oil in 5-10 years. For many applications, it already is now actually.
- lttlrck 9y ago
  The lost gas-tax revenue streams will be replaced. It’s highly likely the TCO will reach parity with gas in short order - same happened with diesel.
heygrady 9y ago
Oil companies recently raised their projections on EV adoption by 40% [1]. Many countries are setting aggressive EV quotas, targeting 100% EV adoption in the near future [2, 3]. Perhaps counter-intuitively, oil prices have not historically affected EV purchases [4]. Detailed sales trackers have shown consistent year-over-year growth in the EV segment for the past 22 consecutive months [5], a time when oil prices have been relatively low [6]. Even with low gasoline prices, driving an EV is reported to be less expensive per mile [7]. [1] https://www.bloomberg.com/news/articles/2017-07-14/big-oil-just-woke-up-to-the-threat-of-rising-electric-car-demand https://www.bloomberg.com/news/articles/2017-07-14/big-oil-j... [2] https://www.forbes.com/sites/timworstall/2017/04/30/indias-ambitious-target-for-only-electric-cars-by-2030-stern-v-nordhaus-all-over-again/#c3608a935a89 https://www.forbes.com/sites/timworstall/2017/04/30/indias-a... [3] https://thinkprogress.org/norway-aims-to-end-sales-of-fuel-burning-car-by-2025-as-ev-market-soars-edeac854f1e/ https://thinkprogress.org/norway-aims-to-end-sales-of-fuel-b... [4] http://www.fleetcarma.com/buying-ev-low-oil-prices/ http://www.fleetcarma.com/buying-ev-low-oil-prices/ [5] http://insideevs.com/monthly-plug-in-sales-scorecard/ http://insideevs.com/monthly-plug-in-sales-scorecard/ [6] http://www.infomine.com/investment/metal-prices/crude-oil/5-year/ http://www.infomine.com/investment/metal-prices/crude-oil/5-... [7] https://www.pluglesspower.com/learn/driving-electricity-cheaper-gas-50-states/ https://www.pluglesspower.com/learn/driving-electricity-chea...

by dkrich 9y ago

bflesch 9y ago

Because many think they will be more comfortable to use, have better entertainment systems and everyone can experience sportscar-like acceleration for spending less money than a gas-powered car.

lttlrck 9y ago
What about environmental factors? Or is new-shiny-fast the only way to coerce people to be more eco-friendly?

jessaustin 9y ago

The plummet in oil prices might be anticipating that future?

partingshots 9y ago

Electricity will be cheaper than oil in 5-10 years. For many applications, it already is now actually.

lttlrck 9y ago
The lost gas-tax revenue streams will be replaced. It’s highly likely the TCO will reach parity with gas in short order - same happened with diesel.

heygrady 9y ago

Oil companies recently raised their projections on EV adoption by 40% [1]. Many countries are setting aggressive EV quotas, targeting 100% EV adoption in the near future [2, 3]. Perhaps counter-intuitively, oil prices have not historically affected EV purchases [4]. Detailed sales trackers have shown consistent year-over-year growth in the EV segment for the past 22 consecutive months [5], a time when oil prices have been relatively low [6]. Even with low gasoline prices, driving an EV is reported to be less expensive per mile [7]. [1] https://www.bloomberg.com/news/articles/2017-07-14/big-oil-just-woke-up-to-the-threat-of-rising-electric-car-demand https://www.bloomberg.com/news/articles/2017-07-14/big-oil-j... [2] https://www.forbes.com/sites/timworstall/2017/04/30/indias-ambitious-target-for-only-electric-cars-by-2030-stern-v-nordhaus-all-over-again/#c3608a935a89 https://www.forbes.com/sites/timworstall/2017/04/30/indias-a... [3] https://thinkprogress.org/norway-aims-to-end-sales-of-fuel-burning-car-by-2025-as-ev-market-soars-edeac854f1e/ https://thinkprogress.org/norway-aims-to-end-sales-of-fuel-b... [4] http://www.fleetcarma.com/buying-ev-low-oil-prices/ http://www.fleetcarma.com/buying-ev-low-oil-prices/ [5] http://insideevs.com/monthly-plug-in-sales-scorecard/ http://insideevs.com/monthly-plug-in-sales-scorecard/ [6] http://www.infomine.com/investment/metal-prices/crude-oil/5-year/ http://www.infomine.com/investment/metal-prices/crude-oil/5-... [7] https://www.pluglesspower.com/learn/driving-electricity-cheaper-gas-50-states/ https://www.pluglesspower.com/learn/driving-electricity-chea...