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Can you extrapolate? I live in a rural area and heavily depend on personal transport - there are no buses, no trains, etc. I have a lease on an ICE car to the t
by medion 8y ago
Can you extrapolate? I live in a rural area and heavily depend on personal transport - there are no buses, no trains, etc. I have a lease on an ICE car to the tune of about $30k - and I am genuinely wondering how smart that is, and whether I should offload it while it is still valuable (it's a niche vehicle which is holding value, in some cases going up) and get around in a cheap Toyota until an EV is realistic for my scenario.
What I want to understand is, how does the price of gas play out with EVs - in ten years time, is gas literally going to be unaffordable for most people? Will gas stations start drying up?
- barney54 8y agoThe price of oil will be pretty stable over the next ten years. The life of the average vehicle is now around 12 years and getting longer. Demand for gas isn’t going to massively decrease in the next ten years. Also, many gas stations don’t make a ton of money selling fuel, but on selling items from the convience store. So gas stations aren’t going anywhere for at least 10 years.