Are electric cars bad for the oil industry?

[btcbtq]

In the US, EPA regulations mandate higher MPG standards for car manufacturers. This means electric, hybrid, and small displacement turbocharged engines is where the automotive industry is heading.

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[nmax21]

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 the most important thing is that this will bring huge benefits to the planet's ecology, and the oil industry will find another use.

[Lodipetmalu]

Some other point yes, it affects oil industry but there is a good effect in our environment, some of cars are producing pollution,. Nevertheless, it won't leaving the oil because not all cars replace with electrics vehicle so, it will not very much affected.

[intoy_victor]

Yeah we know that it could affect to the oil industry and maybe the pricr of oil industry will go down.
However if we have an electric cars and motors our nature will be safer than gasoline smoke. Because they make electric vehicles to protect our nature and if the oil is gone  or we dont have any supply we will not panic because we have a new inventions to replace the oil industry.

[Awraawra]

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?

yes there is a bad effect for the oil industry,how can they move if they do not have an income,maybe not all cars are electric and the others are gasoline then the oil industry can move to there product.

[fuer44]

every thing must have a positive and negativ impact. electric cars, a new technology in the field of automotive is indeed very innovative, and certainly can reduce pollution and more environmentally friendly than cars that still use oil and fuel. however, the downside is that there will be many oil factories close and will certainly increase the number of unemployed. this is a difficult choice. how do you think, electric cars that are environmentally friendly, or a lot of unemployed because oil factories close?

[kevpantof]

Well, electric cars are good to our country because it's not smoky. Yes, it's gonna big effect to oil industry if the electric cars will be released in the market.

The introduction of electric cars is really a very good initiative not only because of the reason that theirfuel consumption is quite good but also because they do not pollute the environment. Most of the people are switching from normal cars towards this and as a result not only the oil factories but also the normal car production companies are getting badly effected as their market is going down.

[Dodoymabs]

Yes it is, if all the cars where electric then theres no point to pump and pump oil, cause it will be useless,  and the price oil will become deeper and deeper until it reached 1$

To think it is really possible that this speculation will be possible. So for now I think many businessman will probably start to invest in electric cars because our world that we're living in is started to change its behavior.

[gunungkembar]

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, I read an article that the inventor of the first electric car was not supported by the oil businessman and the oil businessmen were scared if their oil did not sell and was not worth anymore.

[z38630610]

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?

the existence of electric cars will certainly affect the fuel industry badly. will lead people to use less fuel. but it should be noted that many natural resources are also being destroyed for electricity generation. Solar energy is the least harmful technology for humanity.

[Theo222]

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?

Yes they are bad in oil industry because they will no longer buy oil because they use solar pannels to earn electrical energy to use it as substitue for oil.

[diegz]

Well, electric cars are good to our country because it's not smoky. Yes, it's gonna big effect to oil industry if the electric cars will be released in the market.

The introduction of electric cars is really a very good initiative not only because of the reason that theirfuel consumption is quite good but also because they do not pollute the environment. Most of the people are switching from normal cars towards this and as a result not only the oil factories but also the normal car production companies are getting badly effected as their market is going down.

No, car manufacturers will always be in business. They could also produce electric cars if they want, so they are still in and probably be shifting some of their products to electric units.

Oil firms too, they are not only supplying oil to gasoline stations for cars, they also supply fuel to generators, which most of the power producers are using right now. So I'm sure that they will still survive.

I wonder what will happen next? after we know that using oil in cars is polluting the environment and possibly draining it, then we want to shift to electric cars, what will be the next that we will extract underneath the earth and pollute the earth?

[dynospytan]

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?

No. Oil industry will not go down. I've read some article between comparing the car that uses gas and car that uses electricity. This is the difference of the two, if we use car that uses gas it is still convenient but somehow we need to reduce those cars to control the global warming. But when we use cars that uses electricity, it just the same. We all know that some company that produces electricity uses gas to create electricity and it much worse to our environment because some of the company produces a black smoke unlike the car that produce only a little smoke. So I think cars that uses gasoline will not eliminated as well the oil industry.

[andrei214]

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?

Maybe yes.But the thing is,cars are not the only one who uses gasoline,there also machineries that uses gasoline.Gasolines demand,will just be lessen due to use of electric cars,but will not totally lose it.And besides not all people chooses electric cars.Some people still uses cars that are gasoline powered.

[bitcoinerjawa]

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?

it seems so because if you use electrical energy then the oil companies are not too in use again and surely they the oil entrepreneurs will be scared and bankrupt. therefore the oil company strictly prohibits the existence of electric cars.

[TeLlMeFrY]

Gasoline is used in used in other industries besides the cars. Moreover, the electric cars are not so popular yet. So, although the electric cars will probably harm to the oil industry for obvious reasons, I suspect that it wouldnt be so meaningful to destroy the industry or something like that.

[Kolly]

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?

If we see a downfall when it comes to the prices of oil then we can say that it is in fact a big factor in its downfall. Electronic cars are only a small percentage of the total machines that uses oil to run and operate. As of now it will not have a great effect.

[rhodelmabanal]

We can't control the economy,it seems we are now welcoming the future of success even its ao early the world has already done its purposes.

[TheKeyLongThumbI]

Cars that are run by electricity were discovered a long time ago and was just sabotaged by this oil owners and even water can be used to run cars so they know that it will affect oil industry if this will continue and I know that they are still doing their wicked schemes secretly.

[barbara44]

Many other car manufacturers are also working to build electric cars to reduce dependence on gasoline and diesel. As consumer demand shifts to more energy-friendly products, demand for exhaust gas or exhaust pipes is also reduced. This forward industry will remain bleak, even with Saudi Arabia's plans, the world's top oil producer, to reduce its oil dependence and switch to renewable energy

No I think it’s good for them because oil use is too much in this world if car stop buying fuels from gas station so it can be use for some other work and I think there will be a very good impact of these car on environment because car make pollution in environment and there is no doubt that good environment give us a very good health so I think it’s a very good decision if it taken by car companies and it will also bring a very good development in trade.

There is no doubt in this thing that everything or every new invention has drawbacks and advantages, so same is the case with electrical cars. I agree with you regarding reduction in environmental pollution by the use of electrical cars.

Petroleum industry may suffer little because too many fuel is used by middle class or working. Those who have limited supply of income, they are seriously going to switch to electrical cars.