Are electric cars bad for the oil industry?

[yayayo]

Oil industry is going down because of 3 reasons:

1- Pollution. As companies are forced to design more environment friendly engines, oil consumption is getting lower and lower with the new cars every year.

2- Electric cars. They are already rivaling oil cars and in the future they will be the only choice for most people.

3- Political reasons. Look at the biggest oil producers: Russia, Saudi Arabia, Iran. (I am excluding Norway and Venezuela from those. They can be ignored.)What do those countries have in common? They all are the enemies of the State. Why suddenly those electric cars popped up? Why now? To me they are not rocket science to make them. I am not bashing the intelligence of Elon Musk obviously he is 100 times more intelligent than me, but still, when i examined the tesla model s/3 plans i asked this to myself: Why haven't anyone thought that till now? It is simply because USA wasn't having major troubles with those countries till now. USA wants them to get weaker and weaker by cutting their most important export income. That's like a preparation for World War III.

I think the third reason encompasses the other two. A switch-over to electric cars would never happen at present times without significant political intervention. Of course there is pollution, but this problem is far worse in countries that so far showed less initiative to change the situation. So the present state of pollution is not worse enough to motivate people for change. It's the expectation that things might become bad, that drives political interventions.

Electric cars are still not able to compete with conventional ones in terms of costs and reliability. But the situation is improving rapidly. This as well is a result of the political will to promote greener technology.

Ultimately electric engines will replace combustion engines for most applications, because they can be more efficient. However this replacement will take decades. The oil industry will not die tomorrow. Even without the use of oil as fuel, there are still many other products made from it - for example plastics.

ya.ya.yo!

[bryant.coleman]

Electric cars can't replace lots of oil based vehicle specially heavy vehicles as electric power will not be enough and replacing the existing gasoline based machines and engines with electric engine is not easy and may take decades to do so. So i don't think it will affect the oil price sometime soon.

The problem is not with the generation of electric power, but with its storage. As of now, the world electricity production stands at 25 trillion KWh. A small fraction of it will be enough to run all the automobiles in the world. However, the Lithium batteries are too expensive right now (costing on average $30,000 to $40,000 per piece) and they last for only one or two years.

[Zooplus]

Electric cars can't replace lots of oil based vehicle specially heavy vehicles as electric power will not be enough and replacing the existing gasoline based machines and engines with electric engine is not easy and may take decades to do so. So i don't think it will affect the oil price sometime soon.

The problem is not with the generation of electric power, but with its storage. As of now, the world electricity production stands at 25 trillion KWh. A small fraction of it will be enough to run all the automobiles in the world. However, the Lithium batteries are too expensive right now (costing on average $30,000 to $40,000 per piece) and they last for only one or two years.

So with your information, is it right for the economy to go for electric cars or maintain our needs in the oil industry? If we can shift it to electric cars without spending more cost than using fuel or gasoline then it would really be good as it would give us a smoke free community.

[Cybertron00]

Electric cars are not that bad though for oil industry for now but if its the mainly used car in the future, then it will be bad for oil industry because the demand will lessen.

[bryant.coleman]

So with your information, is it right for the economy to go for electric cars or maintain our needs in the oil industry? If we can shift it to electric cars without spending more cost than using fuel or gasoline then it would really be good as it would give us a smoke free community.

It will be bad for the economy, and good for the environment (as long as the electricity is produced from non-polluting sources, such as solar power, wind power and Uranium). Economy will collapse, as no one will be able to afford the cost of transportation (except the elites). A car, which costs $5,000 now will be costing 20 times that much, if we convert it to run using electricity.

[botany]

So with your information, is it right for the economy to go for electric cars or maintain our needs in the oil industry? If we can shift it to electric cars without spending more cost than using fuel or gasoline then it would really be good as it would give us a smoke free community.

It will be bad for the economy, and good for the environment (as long as the electricity is produced from non-polluting sources, such as solar power, wind power and Uranium). Economy will collapse, as no one will be able to afford the cost of transportation (except the elites). A car, which costs $5,000 now will be costing 20 times that much, if we convert it to run using electricity.

As time progresses, cost of production tends to come down due to manufacturing innovations.
Tesla has made some progress towards an affordable electric car.

[tabas]

Electric cars are not that bad though for oil industry for now but if its the mainly used car in the future, then it will be bad for oil industry because the demand will lessen.

Even electric cars are there for sure oil industry will always be on the number one needed liquid by cars. And even cars are going to be electric
generated but their engine still needs an oil for it for its maintenance and good tuning. That's why oil industry will not really be affected on that matter.

[Finestream]

Electric cars are not that bad though for oil industry for now but if its the mainly used car in the future, then it will be bad for oil industry because the demand will lessen.

Even electric cars are there for sure oil industry will always be on the number one needed liquid by cars. And even cars are going to be electric
generated but their engine still needs an oil for it for its maintenance and good tuning. That's why oil industry will not really be affected on that matter.

But would still be bad for them as  the demand for oil will be lessened, the most consumption of the cars are the gasoline so if it will not use gasoline that's a huge loss for the oil industry. They have been in existence ever since and our cars are already used to using it so a complete shift would also require our cars to be converted and it implies a lot of expenses for the conversion.

[tabas]

Electric cars are not that bad though for oil industry for now but if its the mainly used car in the future, then it will be bad for oil industry because the demand will lessen.

Even electric cars are there for sure oil industry will always be on the number one needed liquid by cars. And even cars are going to be electric
generated but their engine still needs an oil for it for its maintenance and good tuning. That's why oil industry will not really be affected on that matter.

But would still be bad for them as  the demand for oil will be lessened, the most consumption of the cars are the gasoline so if it will not use gasoline that's a huge loss for the oil industry. They have been in existence ever since and our cars are already used to using it so a complete shift would also require our cars to be converted and it implies a lot of expenses for the conversion.

Yeah that will surely happen the demand of oil will not be the same as most cars are not electric that time. But I think, they will create
something that people tend to use oil as well so that their industry will not die.

[Ayers]

So with your information, is it right for the economy to go for electric cars or maintain our needs in the oil industry? If we can shift it to electric cars without spending more cost than using fuel or gasoline then it would really be good as it would give us a smoke free community.

It will be bad for the economy, and good for the environment (as long as the electricity is produced from non-polluting sources, such as solar power, wind power and Uranium). Economy will collapse, as no one will be able to afford the cost of transportation (except the elites). A car, which costs $5,000 now will be costing 20 times that much, if we convert it to run using electricity.

if everyone start to use electric car there will be no more available free energy greeen electricity, it's not infinite, so it can not be used for everything

[rekinthis]

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 , that yes, because cars use most of oil, not other things, so it is pretty logical that if there will be no oil powered cars anymore, nobody will need oil, so oil industry will be in trouble

and i think that it will happen in next 20 years as more and more cars are electric ones, not oil powered ones, so oil industry will be in huge trouble after some time for sure

[GamingBro]

I think no, electric cars is not so popular now, and they have not huge impact on oil industry nowdays. I think in 10 years this question will be much important.

[carlisle1]

I think no, electric cars is not so popular now, and they have not huge impact on oil industry nowdays. I think in 10 years this question will be much important.

yeah i think so , not all people are using electric cars because its power is not enough to take a long distance travel than the oil vehicle . you need to recharge it and it took so much time to be sure that it will operate last longer . and yes they don't have a huge impact in oil industry they still have a high demand on market .

[SilverPunk]

I think no, electric cars is not so popular now, and they have not huge impact on oil industry nowdays. I think in 10 years this question will be much important.

yeah i think so , not all people are using electric cars because its power is not enough to take a long distance travel than the oil vehicle . you need to recharge it and it took so much time to be sure that it will operate last longer . and yes they don't have a huge impact in oil industry they still have a high demand on market .

Yes that 10 years from now is a big question because oil is only limited supply and based on expectations and analysis of government by 2024 oils are dangerous to be gone .
Electric cars is good for our world and economy i think more new inventions will release as soon as possible.

[Zooplus]

I think no, electric cars is not so popular now, and they have not huge impact on oil industry nowdays. I think in 10 years this question will be much important.

yeah i think so , not all people are using electric cars because its power is not enough to take a long distance travel than the oil vehicle . you need to recharge it and it took so much time to be sure that it will operate last longer . and yes they don't have a huge impact in oil industry they still have a high demand on market .

Yes that 10 years from now is a big question because oil is only limited supply and based on expectations and analysis of government by 2024 oils are dangerous to be gone .
Electric cars is good for our world and economy i think more new inventions will release as soon as possible.

If that will happen we can live a world with free of pollution, I like that idea of using electric cars and I think the expenses will be lesser compared to using the oils to run our cars.

[Enotche]

Most believe that oil is mainly used to produce gasoline. Let's face it. Let's see how much oil and gas around us.

Here you have bought myself an electric. For humanity to move to elektromobilchiki such cars will be cheap. You elektromobilchiki inexpensive. Interior is made of ABS plastic. For its production of petrochemicals used almost entirely. The instrument panel, doors, air conditioning, a button on the radio - produced from oil and gas. or on the basis of their products.

Under your seat. You in fact an inexpensive car, then place in it for natural leather can not be. So below you - polyester. Again, the raw material for him - oil. As a filler used foam of the seat. And the oil used for the synthesis of this material.

And so on...
Shortly speaking. Your car's engine can be a gasoline, electric, but at least the atomic. But you move on oil tires on the oil asphalt. The automotive industry is dependent on the petrochemical completely. New vehicles will be sold, and hence demand for oil will be.

[ajun96]

I think no, electric cars is not so popular now, and they have not huge impact on oil industry nowdays. I think in 10 years this question will be much important.

yeah there is an interesting story in the country. minister in the country to introduce an electric car to the public. but the response was only temporary. and now the electric car is no longer news. it seems now is not the time to use electric transportation. yeah maybe a few more years would be in need is not for today

[tyz]

Oil industry will still play a big rule even when the number of electric cars on the street rises. It will take many years probably decades to electrify the worlds street traffic. Further the need for oil for other products (plastic for instance) is also rising with the world economic growth. More and more people reaching the level of middle class which causes a bigger demand of products and this means a bigger demand of oil

Electric cars are not that bad though for oil industry for now but if its the mainly used car in the future, then it will be bad for oil industry because the demand will lessen.

Even electric cars are there for sure oil industry will always be on the number one needed liquid by cars. And even cars are going to be electric
generated but their engine still needs an oil for it for its maintenance and good tuning. That's why oil industry will not really be affected on that matter.

[saiha]

I think no, electric cars is not so popular now, and they have not huge impact on oil industry nowdays. I think in 10 years this question will be much important.

Yes, electric cars are still not on the trend so the oil companies are still on the top when it comes to the usage for their oil products.
But I think, even electric cars will be used by most people, oil will still be a necessity for us.

[wintermeasures]

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 the possibility it could happen, because we know the state of the earth increasingly sad because pollution occurs everywhere. And the people began to be aware of it, thus the electric car is a good breakthrough at this time and of course oil not sold or decreases. thank you