Quote:
Originally Posted by Germanauto
Quote:
Originally Posted by eljay
Good read.
In summary:
- most people will go with the herd and get an EV. BTW, I'm not calling EV adopters a herd, just saying that a typical regular car owner who doesn't even know what car they are driving, will just drive what's on the market and that will be increasingly EV saturated.
- this leaves ICE options that will have to meet strict emission standards and consume less fuel still.
- demand for fossil fuels will decrease and as a result, we will never get even close to "peak oil" and petrol will be cheap
So, the more people around me switch to EV, the cheaper my modern ICE car will be to drive! Yay! 
p.s. We all know the above logic will be destroyed by rich folks using fossil fuels to fly to orbit and back just for kicks. |
If anything, I've read gas prices will increase as demand lessens with increased consumer preference for EVs. Economics of scale. |
The laws of supply and demand say that as demand decreases, the the price shall also decrease all else held consistent. I am not sure how prices would increase as demand slows.