Nothing much will happen. If by some means the true market forces work this corrupt government will just tax it more.
Yeah but what happens to the price of oil if electric cars grab an ever larger piece of the automobile pie
Nothing much will happen. If by some means the true market forces work this corrupt government will just tax it more.
............
this is true as long as we’re talking about 10k-500k cars. but if 1 million electric cars are on the road displacing gas demand with electric demand....—that will put a serious dent in the demand for oil .... that will force oil prices down.
Consider also that that the USA is producing an extra 1 million barrels of oil each year.
Currently demand for oil from overseas is increasing steadily (US demand is not currently falling) and US production is increasing steadily so supply and demand are balanced.