Are electric cars bad for the oil industry?

[arwin100]

Sure its bad... but its better for us
and nature 

Electric cars will become most used
kind of transportation in the next 10-20 yrs.

Its very bad because if all people use electric car well its big delimna to oil players and companies because there company well be bankrupt and surely they lose big money with it and their product might be low in value when time happens and it has big effect on gdp of that country whose product is oil, and many people well lose their job because thats the effect of the modernazation.

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[Thresh]

electric operated cars/vehicles are not only a threat to oil industry. It will be their biggest nightmare and it will also help lessen pollution.

[davinchi]

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.

But oil has other uses also and they will survive, there are a lot of businesses and factories which require oil for running their factories and furnaces etc as these furnaces are not burned with electricity but with oil fuel.

[Tristana]

This will depend on how electric cars/vehicle will perform against vehicles that runs using petrol products. But for me if they can perfect  elecric vehicles . it will not only threaten oil industry it will also help lessen pollution.

[tabas]

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.

But oil has other uses also and they will survive, there are a lot of businesses and factories which require oil for running their factories and furnaces etc as these furnaces are not burned with electricity but with oil fuel.

Yes but the thread is just talking about electric cars. But you have the point.

They can renew energy and support factories with the use of oil. And they can even product electricity with the help of oil.

[rickadone]

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...

Yes, with that we will get a costless vehicle for our daily use and so we will not have to spend our money for the fuel and for the running of our cars, we will continue to run through the whole day.

[bitlancr]

Well it will not be very good but I think the factory's would still need the oil and for some parts it always be needed even in electrical cars so I think it will not be so bad like everyone is thinking.

[CoinsRoyal]

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?

This is very true if more people in the future decide to buy an electric car then this could be bad news for the oil industry. But the oil industry still has some time to make plenty of money and to come up with a solution so it will not hurt them as much.

[botany]

This will depend on how electric cars/vehicle will perform against vehicles that runs using petrol products. But for me if they can perfect  elecric vehicles . it will not only threaten oil industry it will also help lessen pollution.

The performance of electric cars has traditionally lagged behind ICE ones, but electric cars are catching up. At one point they were expensive and required government subsidies, but this is no longer the case.

[avikz]

Yes, it is bad for the oil industry worldwide, but it is certainly good for the nature which is much more needed than an inflated PL statement of an oil company.

Electric cars are a welcome move towards the green initiative and certainly makes less holes in the owner's pocket.

[Mumbeeptind1963]

This will depend on how electric cars/vehicle will perform against vehicles that runs using petrol products. But for me if they can perfect  elecric vehicles . it will not only threaten oil industry it will also help lessen pollution.

Yup you have the point that it can help lessen the polution but others think that the important is the government because if the oil industry lose many costumers, many people removed from their work and many companies that can lose many Money so if that happens they cant pay the tax.. If they cant pay the tax the government will lose many funds for their projects.

[diodio5]

Well it will not be very good but I think the factory's would still need the oil and for some parts it always be needed even in electrical cars so I think it will not be so bad like everyone is thinking.

yeah oil users not only on transportation right ? there are many other users that need the oil to fuel them. but I do not rule out the possibility if future fuel will be replaced with something else that is more environmentally friendly but for this time Oil is still urgently needed

[Mr. Big]

Well it will not be very good but I think the factory's would still need the oil and for some parts it always be needed even in electrical cars so I think it will not be so bad like everyone is thinking.

If you are referring to oil or lubricants, then it will always be needed even if everyone would convert their cars into electric powered..But for sure the usage of fuel  will be lessen...

[expert4knowledge]

Well it will not be very good but I think the factory's would still need the oil and for some parts it always be needed even in electrical cars so I think it will not be so bad like everyone is thinking.

If you are referring to oil or lubricants, then it will always be needed even if everyone would convert their cars into electric powered..But for sure the usage of fuel  will be lessen...

Also when there is a replacement for oil as a fuel then there may be some replacements for oil consumption in lubricants.

[tyz]

Well, it also will be a nightmare for the current car industry, especially for the car parts suppliers. A lot of parts (especially for the engine) which are needed for conventional cars will get needless. This will cost a lot of jobs. Further, electric cars do not need to be repaired as often as conventional cars what cost jobs at autoshops. And it will cost jobs at petrol stations because there are no more operators needed.

electric operated cars/vehicles are not only a threat to oil industry. It will be their biggest nightmare and it will also help lessen pollution.

[Raimonn]

Well, it also will be a nightmare for the current car industry, especially for the car parts suppliers. A lot of parts (especially for the engine) which are needed for conventional cars will get needless. This will cost a lot of jobs. Further, electric cars do not need to be repaired as often as conventional cars what cost jobs at autoshops. And it will cost jobs at petrol stations because there are no more operators needed.

electric operated cars/vehicles are not only a threat to oil industry. It will be their biggest nightmare and it will also help lessen pollution.

Electric car will destroy jobs, but will create others, for example i think that electric cars will need more software developers. Technology always destroy old jobs, but it creates new ones.

[Meuh6879]

Alberta.
Oil sand burn ... with the forest.

Many air filter of truck and car are blocked by the fire dust.
http://www.zerohedge.com/news/2016-05-05/stunning-dash-cam-footage-inside-albertas-apocalyptic-inferno






Electric car are not affected. 
And freezing air is OK even with fire in air ... pump system help. 

[BitcoinPaw]

Yes, it is bad for the oil industry worldwide, but it is certainly good for the nature which is much more needed than an inflated PL statement of an oil company.

Electric cars are a welcome move towards the green initiative and certainly makes less holes in the owner's pocket.

But not only cars need oil anyway people  will  keep making big money on oil for other options. People just narrowly wathing on situation an as resault seeing distorted picture.

[botany]

Alberta.
Oil sand burn ... with the forest.

Many air filter of truck and car are blocked by the fire dust.
http://www.zerohedge.com/news/2016-05-05/stunning-dash-cam-footage-inside-albertas-apocalyptic-inferno






Electric car are not affected. 
And freezing air is OK even with fire in air ... pump system help. 

I am sure electric cars will have their own set of problems in different conditions. 
Who knows what will happen in a flood? Short circuits?

[lionheart78]

well it will affect oil industry, and even, can make the usage of fuel almost obsolete to car industry if the electric car technology is perfected, pros and cons will emerge for oil industry, but i bet, oil industry will find better usage for their stuff , since it isn't car industry alone where oil have usage