Vlad Kovalenko + 115 VK October 5, 2018 Oil’s march toward $100 a barrel is coming at just the right the time for auto makers investing billions in the switch to electric cars. Fuel prices reached a four-year high last month, concentrating consumers’ minds on the relative costs of internal combustion versus electric motors. For companies preparing to bring a record number of electric and hybrid models to market in 2019, oil’s rally could turbocharge demand. Quote Share this post Link to post Share on other sites
Adam Varga + 123 AV October 5, 2018 Unfortunately a rising oil price will make the production and distribution of EVs more expensive too. Quote Share this post Link to post Share on other sites
DA? + 301 jh October 5, 2018 1 hour ago, Adam Varga said: Unfortunately a rising oil price will make the production and distribution of EVs more expensive too. The same will happen for ICE's, although EV prices are dropping. So comparatively EV's make an even more attractive choice. A peak price of $100 would be a Christmas and birthday present for renewables and EV's even if it was temporary and retreated considerably the damage would be done. Quote Share this post Link to post Share on other sites
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