Tesla Motors Club
As EVs start to enter the mainstream of car buying, it seems to me one of the first effects we can expect to see is a lowering to the price of gas. Right now there are almost 700,000 BEVs on the road in the US and the number is growing rapidly. That is barely 0.25% of all light vehicles which amount to nearly 1 per person in the US. But how many ICE need to be displaced before the gas consumption is reduced enough to affect the price?
We had $4 a gallon gas before the economy dropped and enough people were out of work that the price of gas dropped to $2.
I'm wondering if this will create a reverse incentive to buy EVs? In say, 5 years when 5% of cars are EVs will the price of gas drop to levels cost comparable to the electricity used by an EV? Will that slow the introduction of EVs?
We had $4 a gallon gas before the economy dropped and enough people were out of work that the price of gas dropped to $2.
I'm wondering if this will create a reverse incentive to buy EVs? In say, 5 years when 5% of cars are EVs will the price of gas drop to levels cost comparable to the electricity used by an EV? Will that slow the introduction of EVs?