Oil Prices Must Drop Sharply to Compete With EVs ??

[tetonper + 17]

Interesting article on the heals of this article:  https://oilprice.com/Energy/Energy-General/Busting-The-Myth-Of-The-Worlds-Hottest-Electric-Car-Market.html?fbclid=IwAR2VRUJf_gr5PAt95NnrdfMHDDrskm57rezBEkiHIWqLfqfdKtEUYoEKv4Q   Seems to be some pretty serious conflicts here.  Anytime someone starts touting how great EVs are when they are only about 2% of the total market I get suspicious of where their money is invested.  The question is, with less than 1% of the world market being EVs why would someone even be able to calculate this dramatic an effect on oil prices?  Sorry, I am calling the Oil Price Break Even article a sad piece of journalism!  1% of the market is going to make a $30 to $40 per barrel difference in breakeven on oil prices overnight?  And if you read the Busting the Myth article as people see the real cost of their cars and the drop in book value when they go to sell or trade in, along with subsidies rolling off, you really think we are going to continue to see dramatic growth in EVs.  The EV market has a lot of kinks to work out and subsidies and political issues to work through.

Edited September 3, 2019 by tetonper

[markslawson + 1,057]

10 hours ago, tetonper said:

Seems to be some pretty serious conflicts here. 

The article confirmed something that I had suspected from a previous look at the EV market in Norway, that its basically led to two car families, where one is an EV, most probably the commuter car while the other is a conventional car used more for longer distances. The conventional car is kept for much longer and so is markedly less efficient than the newer models on the market. This widens inequality as those who can afford the two car arrangement can use the subsidies much more effectively, while those who cannot do that have to wear the problems of an EV and its restricted mobility, or pay out far more for owning a conventional car.. It is truly a totally messed up system..