Are electric cars bad for the oil industry?

[BertoloyBTC]

Electric cars very bad for the oil industry, because in encourage people not to buy cars which uses fuel to power up the vehicles, while elecric cars does not use fuel to power up the engine.

[SkvorNyc777]

Of course they are bad - they are questioning the very big part of their business - it's a danger for their profit.

[thetruth123123]

This sounds logicaly, in my opinion, this is actually the reason why electro cars arent still everywhere totally replacing the gasoline ones. Becouse oil guys doesnt want that, they will loose money in the case.

[jerry3k5jamiso1]

It is inevitable that when environmental issues are at the forefront of the nation, electric vehicles that meet the demands of travel and do not pollute the environment will be more developed in the future. hybrid. The future of the transport sector will be public transport and electric vehicles, I believe in that.

[Ann Impas]

Fossil fuel creates a lot of environmental issues nowadays. With the introduction of electric cars and I hope that the electric supply is came from sustainable source, it will be an efficient way to reduce pollution in our society.  It is for sure in a way bad for the oil industry as it will affect their operation but it will be beneficial to many sector or to humanity in general to have much cleaner air.

[Ngewex Yuk]

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.

Yes, this is what makes the development of electric car slows down, I'm sure there is great pressure from the oil industry to the automation to slow the development of electric car because if the development is too fast then the oil industry will die soon.

[Semar Mesem]

The presence of electric car should be a good solution for a better world, of course, electric car will make the environment be good because it is environmentally friendly, but unfortunately this actually makes the industrial oil is threatened, causing a new problem that is unemployment.

[Jessica1234]

Yes, because when we use electric cars we don't use oils anymore and it can affect the oil industry. It may cause bad because we don't need to buy oils from them that lead to bankruptcy. But there's a good thing, it decreases the air pollution that will keep our environment safe.

[Babylon]

Yes it is it would be a huge effect on oil industry , but it can open a new opportunity because oil is important right? Its not only for cars though . But on the other hand it is it would be a huge impact , it may lead to bankruptcy.

[abas_ir]

the oil industry I think will not be affected much with the presence of an electric car. this will balance the natural wealth that has begun to deplete its stock. this is just a solution to the global warming problem that is now beginning to become the world's major issue.

[bilyboy]

electric cars are starting to attract people, this is good news because the world's oil consumption will decrease, I think there will be no effect which means bgi oil industry, even if we always use oil then the natural resources will be threatened

[Wong Kalong]

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 I think this is very reasonable. As time goes by the development of the times and technology will surely increasingly sophisticated and we all cannot deny this. Actually, the number of electric cars are increasingly popular this cause the oil industry bad. But I hope the future there is a better renewal so that no one feels aggrieved.

[IndzheborgC]

The reserves of lithium are limited, new types of energy storage are needed.
"To produce 500,000 cars a year, we will have to purchase all lithium in the world," Ilon Mask said at the Model 3 presentation in late March 2016.
In 2017, the volume of sales of passenger cars in the world will amount to 93.2 million units.
For example, the super-flywheel density of stored energy as in lithium batteries, safety check 20g https://en.wikipedia.org/wiki/Kinetic_energy_recovery_system.

[Geleve]

Yes it is. But oil industry is bad for the environment. So supporting green energies instead if oil industry are the think that we all have to do. We should protect the nature.

[babala]

For me, it doesn't compete anyway with the vehicles using oil, first, cars using oil is more faster than electric cars so by just that speed it was very far to compare. Second, it has a limited usage time where you need to charge it to a longer hours before you can use it again unlike Oil based cars where you need just to go to gas station to refill. Also, Oil based car can be used even in very far places unlike electric cars is only limited distance due to limited battery life.

[keyscore44]

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?

Come on, oil industry will never fail cause for me the price will be just going up cause the amount of it is getting lower and lower and we need to find some solution like for example those electric cars.