Are electric cars bad for the oil industry?

[xht]

I don't think it will affect the price of oil because Electric cars have no track record, How well do they last and how expensive are they to repair.

[expert4knowledge]

I think it is bad for oil price since literally it is using another source of fuel although it is not a very big threat.

[dollarneed]

I don't think it will affect the price of oil because Electric cars have no track record, How well do they last and how expensive are they to repair.

When the electric cars are adopted mainstream and used widely sooner or later it will affect the price, there so many reason why do people choose electric cars than fuel cars. You can make your own fuel on the roof of your home.
Well the new technology always win

[NyeFe]

Are electric cars bad for the oil industry? - Who cares?

We need more efficient renewable sources of energy, the more we have, the more oil price drops.

So, if we can power everything on green renewable energy, who would actually care about the oil industry???... tbh I've yet to hair "We need more CO2 on the ozone layer!"

[botany]

I think it is bad for oil price since literally it is using another source of fuel although it is not a very big threat.

The threat just got big. Tesla 3 is priced similar to a gasoline car and the response has been terrific.
We will have to wait and see once the cars actually roll out.

[target]

They should have created electric car way before wars so US won't have to invade countries just to have oil supply.
it isn't just bad for oil industries though but also for the countries dependent to crude oil.

are electric cars different from solar cars?

[elobizph]

it will happen on the near future but not now.In my country we  cannot afford to buy a 1 because the price is unaffordable and base on my research oil is not use only for vehicle it can be use to many different things.

[botany]

They should have created electric car way before wars so US won't have to invade countries just to have oil supply.
it isn't just bad for oil industries though but also for the countries dependent to crude oil.

are electric cars different from solar cars?

US invading countries for oil? Where did you get that idea? 
It is always human rights or weapons of mass destruction!
If the world wasn't so dependent on oil, the Saudis would not have the power they have now.

[Enotche]

I read this question recently.
It is likely that the 2020s will be the decade of EVs.
The battery in the prices fell last year, and their trajectory indicates that unsubsidized electric vehicles will be as available as their gasoline counterparts soon.
According to forecasts, by 2040 the ninth year electric vehicles capable of driving through long distances on 1 charge, will cost less. all new cars will have a plug for charging.
OPEC forecasts that electric vehicles will account for only 1% of all cars in the world by 2040.
 Research analysts have found that electric vehicles can reduce oil demand by 2 million barrels per day by 2023 already. This would create oversupply of oil on the market

[arwin100]

They should have created electric car way before wars so US won't have to invade countries just to have oil supply.
it isn't just bad for oil industries though but also for the countries dependent to crude oil.

are electric cars different from solar cars?

US invading countries for oil? Where did you get that idea? 
It is always human rights or weapons of mass destruction!
If the world wasn't so dependent on oil, the Saudis would not have the power they have now.

It is very bad to oil company and sector because if electric cars are implemented and running in streets i think many lose their jobs. And the country relys on oil industry will fell and the economy of global market will be effected. I think it will not happen directly because the government would not let it happen. Because economy will at risk by that.

[NyeFe]

They should have created electric car way before wars so US won't have to invade countries just to have oil supply.
it isn't just bad for oil industries though but also for the countries dependent to crude oil.

are electric cars different from solar cars?

US invading countries for oil? Where did you get that idea?  
It is always human rights or weapons of mass destruction!
If the world wasn't so dependent on oil, the Saudis would not have the power they have now.

It is very bad to oil company and sector because if electric cars are implemented and running in streets i think many lose their jobs. And the country relys on oil industry will fell and the economy of global market will be effected. I think it will not happen directly because the government would not let it happen. Because economy will at risk by that.

Yawn. "i think many lose their jobs." many jobs will be created in the renewable energy sector (Bio-fuel, Wind, Solar, (hydro)thermal, hydrogen, kinetic, ... ) including the nuclear fusion sector. Economies will flourish.

[Nameless Coin]

Yeah in the lung rung it can hurt the oil industry without a doubt. The majority of the people still has a car,scooter or motor that runs on gasoline, but this can all change with in a couple of years. 

[bitcoin-hunter]

They should have created electric car way before wars so US won't have to invade countries just to have oil supply.
it isn't just bad for oil industries though but also for the countries dependent to crude oil.

are electric cars different from solar cars?

US invading countries for oil? Where did you get that idea? 
It is always human rights or weapons of mass destruction!
If the world wasn't so dependent on oil, the Saudis would not have the power they have now.

It is very bad to oil company and sector because if electric cars are implemented and running in streets i think many lose their jobs. And the country relys on oil industry will fell and the economy of global market will be effected. I think it will not happen directly because the government would not let it happen. Because economy will at risk by that.

The automobile market is very important for the oil industry. The more tesla's on the street the less jobs in this industry.
But anno 2016 it is normal that this kind of thing happens. Remember some cars do a  lot of polution to the environment.

[expert4knowledge]

I think it is bad for oil price since literally it is using another source of fuel although it is not a very big threat.

The threat just got big. Tesla 3 is priced similar to a gasoline car and the response has been terrific.
We will have to wait and see once the cars actually roll out.

Yes and unfortunately or fortunately it is a revolution in many things and such cars can present a new era in generations of fuels.

[newcoins1978]

I do not think it will be very bad because the fact is that electric cars are made in a factory, this factory needs oil to run right ?
For many things there is oil needed so I think it will not get a problem in the near future.

[romero121]

I don't think it will affect the price of oil because Electric cars have no track record, How well do they last and how expensive are they to repair.

As mentioned the possibility to hit the oil industry badly is low when we consider the upcoming factors of the electric cars durability. Only when large number of cars strike the road we can understand the real facts.

[arwin100]

I don't think it will affect the price of oil because Electric cars have no track record, How well do they last and how expensive are they to repair.

As mentioned the possibility to hit the oil industry badly is low when we consider the upcoming factors of the electric cars durability. Only when large number of cars strike the road we can understand the real facts.

Yeah but as mention above it is very agree for op post i think electric cars can affect oil industries because if electric cars are running in street it can effect in oil industry and that can affect the global economy on world market because many big businessman relly on it and those big oil players and country will be less fortunate if that happen but i dont think it maybe happen because government will not allow it because they dont see the can get benifits on electric cars and trade is needed country to country.

[praprata]

I don't think it will affect the price of oil because Electric cars have no track record, How well do they last and how expensive are they to repair.

Yeah but I believe that the price of these electric vehicles are going to drop in the future. Now the majority still owns a car that runs on gasoline but gasoline is going to be more expensive every year. So I believe that the oil industry is getting threatened by the electric industry. 

[Whosdaddy]

I don't think it will affect the price of oil because Electric cars have no track record, How well do they last and how expensive are they to repair.

No, The electric cars are not expensive to repair but it has the same rate for repair or I think it costs less than other cars which are run with the oil engines, and once it establishes in the market it will have a big effect on oil price.

[pereira4]

Right now they are not because there is not a demand high enough for electric cars to make the oil industry scared about it, but make no mistake, in the future it will be less and less the demand for oil cars as we see high quality affordable cards like the Tesla cards becoming full electric and as we see the electricity become more and more cheaper to obtain.