Are electric cars bad for the oil industry?

[Naoko]

I'm sure that the oil industry will find ways to develop further, but certainly the development of electric cars will cause them the great harm

[1715500312]

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[3la9l_kolbaCa]

of course , electric cars obviously they used electricity not oil. if many people used electric cars in their homes for sure there will be many holders of oil that will backout their investment on it . but it is way too far from now. people still used oil.

[bitzizzix]

electric cars are the future of cars and i would says yes these things bad for the oil industry because if electric cars has already mass produced
i think people will more likely use these cars and will leave gasoline-fueled cars

I think there are negative positives if the car is all powered, because the biggest mainstay of the oil industry is the vehicle and if all the cars use electric power how oil and oil industry will be likely to lose their jobs. if some use electricity and some fuel oil is fair because there is no party in disadvantage. and there is a good use of electric vehicles because it is free from pollution but will bleach the power of a large power.

[akishang]

In my opinion, they won't even the notice the difference on their sales from thentime that electric cars exist ans the time that its not invented yet. Cars are not the only things that were using gas. So its not bad for the oil industry evein if electric cars exist. Oil companies will always find ways to sell their product and if its bad for them it will be a good thing for nature beause the use of gas will be lessen. Less pollution and clean air.

[chrmn27]

Yes. But on the other hand, we can somehow help save our environment, which is a goos news. Besides, cars are not the only thing in this world that requires or need oil to function. Although, of course, the impact would be really huge for the oil industry.

[rancidgash]

electric vehicles are very good, in the future Business competition will be won by electric vehicles, and of course, this has a very bad impact on the oil industry, but oil will still be in great need of mankind, so the oil industry will continue to survive...

The development of electric vehicles  will collapse the price of oil.70% of oil is used for transport purposes. That is why, in the long run, the electric car revolution will affect the trade in raw materials so seriously.

[geegaw]

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?

Of course it is bad for the oil industry. I mean that is the main target of oil industries, isn't that correct? So, if they won't have any customers left then it would put their financial state in a critical condition. On the other hand, it is quite nice for the environment to be free from air and water pollution that is caused by oil.

Yeah, in theory, it's bad for the oil industry to be true because the cost of oil production is too much but not too many buyers, the company will soon bankrupt, even the industry is also gradually disappearing but in fact, electric cars can be said to be quite expensive, not everyone has the money to buy electric cars. In addition, we should know that the charging time is very long and the time to go is very short, the speed can be said is relatively low, I do not think people will like, it's still too many disadvantages. So we can see very clearly that electric cars have been developing for a long time but until now, it is still not widely used

[ohkkstaaahp]

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 exactly what I think of you as electric cars make it easier for us to refuel and the use of electricity makes it difficult for petroleum companies to consume the product. their. Overproduction of oil and oil plants will soon be closed

[Visbay]

I'm sure someday a manufacturer of fuel oil will be experiencing bankruptcy. When the oil has run out.

I think it’s going to help oil companies because there are a lot of things which are working on oil and if all the cars around the world they start electric for use so first of all oil price will be reduced and secondly it’s also very good for environment because we can get a healthy environment and it will keep us healthy in many countries petrol cars are making pollution in air so I will prefer that all the car around the world must be electric.

[hastag_80]

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?

Will,in my thoughts that this electric cars coming in this new  technology will become treat of the oil industry now,because many of our cars,bus,airplane running through in the process of oil or gasoline ,thats why the price of gasoline now is still increase due to many demands in the world market,but this coming new technolgy of inventing  electric cars,maybe our demand in gasoline will minimized and affected,and mostly people will embrace the  electric cars,especially to those people can afford but,for those belong in the second level,only we can do is to still embrace in traditional transportation.

[PalindromemordnilaP]

I'm sure that the oil industry will find ways to develop further, but certainly the development of electric cars will cause them the great harm

Electric car industries can even motivate others to make their own company for electric cars as well. The effect of that will ripple throughout the globe and that would really hurt the oil industry badly because the number 1 advantage of electric cars is its
eco-friendliness.

[rambi91]

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?

For sure, but i believe that all depends on what the long term goal is for the preservation of not only the industrial industry but our very own existence. This feels like a very natural pull towards a better more economical future with substantial benefits. We know the negative effects oil cause within our land so it only makes sense for the cooperations to now start pulling out of oil and start directing their invest and attention into that more economical pull and watch that source become more efficient for the prolonging of our being...And of course become a way for the big guys to make a buck. lol   

[Zabrielle]

Well thats maybe a problem if all cars are electric already. Most of the consumer of oil or fuel industry is cars. If all the cars will become electric then the oil industry will get bankrupt. Cars are the biggest consumer of fuel or oil. Sales will be greately be affected. The worlds economy is going to be cery different. Although there are other use of oil in this world. But still its a big depression in oil industry. Anyway for sure people will think of other ways to balance everything.

[tenebriscaelum]

Eventually the oil industry will take a major hit when most of the cars in the world will be electric, however I think it will be in the next 3 to 6 decade before that happens. The reason is that the electric car industry is not yet booming in the majority of countries around the world, also most the the 3rd world countries cannot make the change to electric car that easily because of political reasons, and the last reason would be that most of the power plants in the 3rd world countries also rely on oil to generate power. If most of the countries around the world will find a renewable source of energy in every country around the world then the oil industry will surely go down.   

[andrei56]

I'm sure someday a manufacturer of fuel oil will be experiencing bankruptcy. When the oil has run out.

I'm sure that when that day comes producers of cars will have many other markets ready, electric cars are not the only option, there are cars impulsed by hydrogen cells, there are cars impulsed by solar energy so there are going to be lots of technologies competing to replace oil powered cars.

[Macai]

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?

Well if all nations around the world would adopt electric vehicles then it would be a major factor for the demise of the oil industry. But for now, cars are only a small portion of the total machines that uses oil so it will have only a minimal effect on the oil industry.

[Silent26]

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?

I think yes, There is a possibility for gasoline to go down. Though it was, electric cars wont be able to replace cars with gasoline because electric cars has still too much disadvantage too. But Electric cars are eco-friendly since it has no smoke.

[Neerajkumar]

Of course electric cars will soon let tha oil cars disappear from the globe.Looking upon the pollution and ozone depletion scientists are focusing more on electric than oil.Oil are scare resources on earth and excessive use leads to environment degradation and electric cars are eco friendly that will not lead to any environment problems.People wasting too much money on fuel will also be the plus point to save it if electric cars are there in the run.

[Advicerabi]

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?

I think electric cars are more suitable for the future. And of course it will affect the oil industry but not now it take long time.
Because the problem is we need the place for recharge the battery, and of course the price will more expensive compared to use gasoline.

[ice18]

Electric cars are not yet tested for its durability and efficiency if how long it will last so oil industry has nothing much to worry at this point but maybe after years of testing and showed some positive results using e-cars this is really a threat to oil industry around the world.