Environment & Energy
Related: About this forumOil's march toward $100 is just what electric cars need
Oils 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, oils rally could turbocharge demand.
The higher the price of oil the more tailwind were going to have behind electric cars, Carlos Ghosn, chairman of Renault SA and Nissan Motor Co., said at the Paris Motor Show on Wednesday.
As production of Tesla Inc.s Model 3 grabs much of the attention, carmakers in Asia, Europe and the U.S. plan new models across all market segments in 2019, from cheap city runabouts to high-performance roadsters.
https://www.msn.com/en-us/money/companies/oils-march-toward-dollar100-is-just-what-electric-cars-need/ar-BBNTKlZ?li=BBnbfcN
Thekaspervote
(32,787 posts)FBaggins
(26,756 posts)It's also just what fracked oil fields need.
NNadir
(33,540 posts)Nobody, of course, gives a shit about the laws of thermodynamics, even though the laws of thermodynamics do not depend on delusional thinking to apply.
The Tesla car is an environmental and moral disaster of the first order, not that anyone gives a shit about slavery and cobalt any more than they give a shit about the laws of thermodynamics.