Are electric cars bad for the oil industry?

[ardentvolcanoes]

In the long run it will be bad for the oil industry because I believe that more people will step over to electric cars in the future. I do believe that oil still will be needed in the future.

maybe more people will use an electric cars but not as a replacement for those cars that are working with the oil fuel , they will use it as an alternative transportation just to lessen their expenses but it doesn't mean that they will never use a oil fueled vehicle .

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[Raimonn]

In the long run it will be bad for the oil industry because I believe that more people will step over to electric cars in the future. I do believe that oil still will be needed in the future.

electricity car require expensive station to refuel, and unless there will be huge panel installation, it will be hard to exand in soem country with low energy production i think, will not be that easy definitely

Electricity cars don't require any expensive station to recharge them, you can recharge your electric car on your house. They need special stations for large travels, but i think that fuel stations are more expensive to build than the future electricity recharging stations.

[Hatuferu]

In the long run it will be bad for the oil industry because I believe that more people will step over to electric cars in the future. I do believe that oil still will be needed in the future.

electricity car require expensive station to refuel, and unless there will be huge panel installation, it will be hard to exand in soem country with low energy production i think, will not be that easy definitely

Electricity cars don't require any expensive station to recharge them, you can recharge your electric car on your house. They need special stations for large travels, but i think that fuel stations are more expensive to build than the future electricity recharging stations.

Actually using an electric cars will give more benefits to the users and they don't need to have a lot of maintenance in order for them to operate the car. That is so environment friendly and I hope in the future this plan can be realize and will be spread all over the world.

If this will happen, cars would be cheaper and we can see some wonderful designs of cars available in the market. It would be a nightmare for the oil industry so they are doing anything to prevent this from happening.

[blackmachinegun]

In the long run it will be bad for the oil industry because I believe that more people will step over to electric cars in the future. I do believe that oil still will be needed in the future.

yeah it's a sure thing that the world will evolve and certainly a lot of smart people will change the fuel in the vehicle to be more environmentally friendly. but even so.oil companies will still be able to survive. because the oil users is not only on vehicles

[Bitcoinbee]

In the long run it will be bad for the oil industry because I believe that more people will step over to electric cars in the future. I do believe that oil still will be needed in the future.

yeah it's a sure thing that the world will evolve and certainly a lot of smart people will change the fuel in the vehicle to be more environmentally friendly. but even so.oil companies will still be able to survive. because the oil users is not only on vehicles

probably.  Since our technology that requires more power to boost anything that is loaded up for heavy lift and speed that rely's on the combustion and propulsion mostly depends on fossil fuels.

[Iceborn]

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?

To be honest they are bad but it is not hurting the oil industry that much because not many people have an electric car. If this is going to change in the future then it will be bad for the oil industry.

[SilverPunk]

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?

To be honest they are bad but it is not hurting the oil industry that much because not many people have an electric car. If this is going to change in the future then it will be bad for the oil industry.

Yes it will change for sure we are adopting new technologies new breed of things ,its not bad at all because it goods on the other side of our atmosphere and ofcourse on our ozone layer ..Then maybe Oil is use only for those whose badly needed like big machines that oil can only make it start operating.

[HeroCat]

Electric cars are not bad for oil industry, because currently pure electric cars are not usable due to limited mileage. Hybrid cars are much better, they save 40 - 50% of fuel, but even hybrid cars use fuel.  

[useless4]

Electric cars are not bad for oil industry, because currently pure electric cars are not usable due to limited mileage. Hybrid cars are much better, they save 40 - 50% of fuel, but even hybrid cars use fuel. 

i think if electric cars would be used way more and there were a lot more people adopting to it it would be a threat

i think that people will not start using the electric cars pretty soon because fuel cars are still very popular

[bryant.coleman]

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?

To be honest they are bad but it is not hurting the oil industry that much because not many people have an electric car. If this is going to change in the future then it will be bad for the oil industry.

Just noticed this news:

http://www.bbc.com/news/business-36548893

And it is not just Volkswagen. Other major automobile producers also have plans for producing electricity driven vehicles. Electric cars are getting a lot of attention nowadays, despite being insanely expensive. Right now, they cost as much as $80,000 (10 times the price of a decent gasoline driven car). Mass production may be able to bring down the price tag. But the big question is by how much, and when?

[worhiper_-_]

I think the answer is obvious to all of us. its the same thing with cigarettes. although they are bad, they keep  getting  used by the people and their great nemesis is the electric cigarettes.Those  will replace the old usual cigarettes. and the same goes for the electric cars. Although electric cars are more expensive than the original cars. their price will drop eventually.Thats a fact.
So  it will be  quite bad for the oil industry since those cars will disappear by the passing of time as well .

[botany]

I think the answer is obvious to all of us. its the same thing with cigarettes. although they are bad, they keep  getting  used by the people and their great nemesis is the electric cigarettes.Those  will replace the old usual cigarettes. and the same goes for the electric cars. Although electric cars are more expensive than the original cars. their price will drop eventually.Thats a fact.
So  it will be  quite bad for the oil industry since those cars will disappear by the passing of time as well .

Cigarettes are a bad analogy. People are trying to cut down on cigarette consumption due to the harmful effects on individual health. It would be a stretch to say the same about gasoline cars.
Plus, electric cigarettes haven't dented sales of conventional cigarettes at all.

[Xenophoto]

I think the answer is obvious to all of us. its the same thing with cigarettes. although they are bad, they keep  getting  used by the people and their great nemesis is the electric cigarettes.Those  will replace the old usual cigarettes. and the same goes for the electric cars. Although electric cars are more expensive than the original cars. their price will drop eventually.Thats a fact.
So  it will be  quite bad for the oil industry since those cars will disappear by the passing of time as well .

Cigarettes are a bad analogy. People are trying to cut down on cigarette consumption due to the harmful effects on individual health. It would be a stretch to say the same about gasoline cars.
Plus, electric cigarettes haven't dented sales of conventional cigarettes at all.

Vape (electric cigarettes) might be better in terms of health care, taste, etc but Vape costs more than a regular cigarette. People prefer buying cigarette even if in the long run of regular buying, it'd cost more than a Vape does. They want to buy the cheap ones.

Just like for the cars, even if electric cars have been there, people aren't buying them. Simply because they're used to using an oiled car. Also, the electric cars featured in the TV (in my area, atleast) looks really different than the usual car. If they make an electric car that is a replica of an oiled car, then there might be some people who would be interested.

[MTBTT]

Electric cars are not bad for oil industry, because currently pure electric cars are not usable due to limited mileage. Hybrid cars are much better, they save 40 - 50% of fuel, but even hybrid cars use fuel. 

I think the car will use the gasoline to be eliminated because of the environmental damage. damege the environment in the future will be eliminated. so I think certainly it would be bad for oil companies

[fearlesscat10]

Electric cars are not bad for oil industry, because currently pure electric cars are not usable due to limited mileage. Hybrid cars are much better, they save 40 - 50% of fuel, but even hybrid cars use fuel. 

I think the car will use the gasoline to be eliminated because of the environmental damage. damege the environment in the future will be eliminated. so I think certainly it would be bad for oil companies

The oil companies currently have too much power over electric cars. They can buy patents for electric cars and never sell them. They can intimidate competitors. Electric cars don't have enough money and power right now to go against the oil companies, so I think oil companies will still stick around for at least 10 more years before electric car companies have a fighting chance against them.

[speaktome]

Maybe instead of thinking of replacing the cars would be far better to educate people to reduce their use and not see it as a status level but that hardly will happen.I'm not very sure but I thing that planes are also highly polluting.

[hawkins]

this time I think that it will not affect at all, except, the car is recommended for use, and use of a car wearing perlarangan oil. I am sure this car will have a very high price, maybe people will think that it is better to buy cars that use oil because it has a very low price. but this is only opinion I think about

[ConnAlt]

this time I think that it will not affect at all, except, the car is recommended for use, and use of a car wearing perlarangan oil. I am sure this car will have a very high price, maybe people will think that it is better to buy cars that use oil because it has a very low price. but this is only opinion I think about

It'd be a very LONG time for electric vehicles to hurt the oil industry. Diesel trucks will still hauling goods for long time.
The only way I can see oil crashing so fast(if even possible) is the fact that trains are ran by electricity. But even those, they are supplied electricity by the massive generator/engine inside. So oil still thrives. But in the long run, we only have so much oil.

[outatime1]

The demand for oil will probably drop but it's going to take a long time. This may be good for the environment depending on the source of the electricity. I could see a scenario where there are several energy sources used in cars fora few years so the demand for each of them may not be very high.

[Babayega31]

this time I think that it will not affect at all, except, the car is recommended for use, and use of a car wearing perlarangan oil. I am sure this car will have a very high price, maybe people will think that it is better to buy cars that use oil because it has a very low price. but this is only opinion I think about

It'd be a very LONG time for electric vehicles to hurt the oil industry. Diesel trucks will still hauling goods for long time.
The only way I can see oil crashing so fast(if even possible) is the fact that trains are ran by electricity. But even those, they are supplied electricity by the massive generator/engine inside. So oil still thrives. But in the long run, we only have so much oil.

But surely the oil player migh get allerted for that if the numbers of electric cars are rising everyday surely it will slowly hit to their bones and that can sure be total devastation to them since auto mobile sectors are the biggest oil consuming and if it will be replaced by e-cars well thats totally bad for their economy and their gdp will fall down.