With global crude oil prices set to hit lows, at or below 2008 levels, how will that affect the economics of EV's?
I have seen this before in the car business. When gas prices are low, people flock to buy large gas guzzling SUVs. And when gas prices are high, there are record numbers of efficient, small car sales. It seems the masses are "driven" by the prices of petrol.
If you are already so inclined, I encourage you to stay steadfast in your commitment to EVs for their innovation and economic stability. The world's vehicle manufacturures are leading the way. There have been many improvements to battery technology, fuel cells and even flow cell batteries. It is truly an amazing time.
Gas prices will rise again, and someday that price will be out of reach for most people.
Let's not get distracted by the temporary low price of crude. Let's reach for tomorrow.