Are electric cars bad for the oil industry?

[really01]

Yes. Electric cars and cars have their own characteristics. Electric cars are difficult to replace in the short term.

[ivanst776]

I wish I could buy an electric car, especially the powerful "full extra" Tesla, I've checked many reviews and it seems a good car.

But at the other side I saw that the expenses are pretty similar with the oil/petrol/diesel so the difference is the car itself instead of the fuel.

But the oil industry is pretty huge and time by time it will be decreased of course as the new trend of electric car is taking advantage and is highly stimulated by the government in some EU countries by giving free parkings and many advantages.

[Bohxz M4p4gm4h4l25]

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 , I think the invention of the Electric car will just be the prevention for the permanent scarcity of this world for oil which is getting lesser nowadays, probably oil companies will be in trouble but talking about the ecosystem ,we should be gald to know that people are seeing this opportunity to extend tge esistence of the oil for vehicles.

[bluered]

Of course they are, oil is going nowhere in the long run.

Your right oil will be nothing use for the cars, oil industry will fall. The use of electric cars are ecofriendly they dont emits dirty smokes that makes air polluted, but then the effect of it will really be bad for the oil industries, their profit were gained from cars, so if it happens to be electric cars, it has no use anymore.
 

[petyang12]

Of course they are, oil is going nowhere in the long run.

Your right oil will be nothing use for the cars, oil industry will fall. The use of electric cars are ecofriendly they dont emits dirty smokes that makes air polluted, but then the effect of it will really be bad for the oil industries, their profit were gained from cars, so if it happens to be electric cars, it has no use anymore.
 

Oil won't stay too long if we all use electric cars. How electric cars help to us?. First is it won't release gas that will cause problems in our air or we call it air polution, second, it is ecofriendly so that means less air polution but there is also disadvatage one of it is electricity bill may go up due to use of electricity for electric cars.

[nakamura12]

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?

Electric cars will be very bad to oil industry as i am very sure because it doesn't need oil to use electric cars and electric cars will be a great help to our air as it won't release gas that cause global warming.

[Khalp1]

Electric cars can't affect in oil industry because oil not use for car only ..many company needs oil for other machine..But I agree for modernization  program.it helps air pollution.

[yunzau]

That's not good because with the presence of more electric cars will make oil demand decrease. This is because the amount of unlimited resources is different from oil with limited resources.

[GamingBro]

I don't think so, anyway oil industry necessary for many differen spheres of life except cars. As far as i know electric cars also need oil somewhere, but i'm not sure.

[nur rochid]

Electric cars are a threat to oil industry or oil companies because it may affect their business some countries may lessen their consumption of oil because of this electric cars and so this may affect the manufacturers of oil.

indeed many of which hinder existence of electric cars because it can threaten the oil industry. technological advances must exist that preclude especially those who are harmed, as well as cryptocurrency

[Ayush rana]

Obviously electric cars are bad for oil industry. Electric cars are the future cars which are good for customers as well as environment. Even these cars have very low cost maintenance with 0% emissions of harmful gases. As we all know that now oil is a limited resource so electric cars are the best alternative for replacement with fule cars.

[akishang]

Of course it is bad for oil industry. Cars are one of the main users of oil. We all know that if product loses the majority of its users, there is a possibility that it might fail. Electric cars will be one of the reason why oil will be much cheaper in the future. The demand for oil will be less and we will have a huge amount of supply of oil. The main problem is that it can cause an increase for the electricity price because the demand will be much higher. Either way, price will always depend on supply and demand.

[ICO BLOG]

Stake is fixed.

[Izalcomax]

Oil industry already in troble now, as the price go down significantly.. but as we know, oil industry wont last forever,  Fossil fuels are non-renewable energy resources. Their supply is limited and they will eventually run out..
So, i think we might need the electric cars someday!

[doraegun]

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 because Electric Car is only limited it is only for short run it will not sustained  for a long transportation so there's nothing to worry about the Oil Industry they will not affected to the new types of transportation. 

[Elseye]

There are bad because they doubt the monopoly of oil traders... I think that they will do their best to prevent electric cars from development...

[andika2018]

I am believe that oil industry still survive. Many people still using oil and many machine still depend on oil. But if oil price become low, its better because it will more power plant build and with that will increasing economic growth

[Jaky]

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?

In a way it will be a kind of lost for the oil industry.. And another monoply For big traders in the oil business. But electric cars has a limited demands in the market unlike cars that use gas/oil, people still go for the faster and sufficient automotive ride. So i think its not a big effect, it's also depends to the consumers in witch what they prefer the most..

[costanos02]

Yes definitely, electric cars bad for the oil industry, if all car makers release new cars uses electric powers, oil industry  goes down and become useless, electric cars now a days is everywhere in the world and it keeps growing.

[hubble_kind]

In my opinion, Oil companies will not die , Decreasing demand will obviously create a huge effect but will survive because business model should change. Electrical cars seems to be just a trend, some industries use quite a lot of oil.