Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
It’s going to be fascinating. Most of the power an EV uses comes from charging at home, so even without refueling stations people could make it work in a pinch. But refining your own gasoline is not going to happen, so when refueling stations become scarce it’s going to be a lot harder to own a gas powered vehicle than it was to own an early EV.
Still a number of years off, but I think it’s entirely possible that the change will occur more abruptly than we expect.
Adoption will definitely speed up over time. Norway has been a good indicator for this. Once gas stations start disappearing, people stop buying gas cars