Quote:
Originally Posted by Chrome383Z
Actually the price of gas will drop, supply/demand. It could very well get really cheap - unless the govt taxes the crap out of it.
I don’t see 5 years. Maybe in affluent areas, I see Teslas regularly, but in the rural town I grew up in I haven’t seen one. And there will be pushback outside of affluent areas as well. They don’t have the infrastructure, hell the affluent areas really don’t have the infrastructure either for anything more then the size of the market now which is just niche.
I like electric cars, but I think 50% at 5 years is optimistic. 10 maybe and a lot would have to happen for that to work as well. :shrug:
If I was a product manager at GM I’d keep a bucket of ICE products in the pipeline (or at least hybrid solutions). If the govt takes a political swing in the opposite direction electric could go the other way… IMO I think it’s a HUGE risk committing to all electric this early in the game.
I work with power plants for work, there is potential for electric prices to jump considerably as well. Running a peaker plant at full capacity that it wasn’t designed to do is going to incur costs. Yeah the grid might be able to support the higher demand, but not at the prices we get now. So look for electric bills to increase significantly to operate your home. And with restrictions on coal and even some pushback on NG that’ll get worse. Power is power. It has to be created somewhere.
If your into investing I’d look at turbine manufacturers and folks in Power Gen. If electric does become mainstream these markets will explode.
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This is spot on. As electric cars get more popular, the electric car rebates, and electricity subsidies for electric cars, all these programs will end and while demand for gas falls, these technologies will be competitive for quite some time. gov't is already trying to legislate into making people switch but as grid issues arise, etc.,I think when the time comes gas will be an option well into the future.
Either way for me and my use, and a lot of other truck owners, electric trucks won't cut it unless the tech improves drastically. I hunt and ride dirt bikes. I am not taking an electric truck into remote areas and then 50+ miles off pavement...