[Martinjlm]

Originally Posted by Iron Lung Jimmy

Usually when demand declines, so do prices. But if the drop in demand leads to less production (I don't think it will) you may be right.

What is being forgotten, or ignored, is that when the price of electricity inevitably rises it will cost more not just to run your car, but everything else in your household. I know that my monthly electric bill is way, way more than my monthly gasoline bill. If my gasoline bill went to zero, but my electric bill went up 20-30% I'm at a net loss.

So people who drive a lot and have low household utility bills will come out way ahead, but everyone else (most people) will not. Ironically, people who don't own a car will be hit the hardest.

I think that what is more likely to happen is the price of electricity won't go up as much as you might think, because in the grand scheme of things, the average household electric use won't go up that much. I've heard estimates that the average cost to operate an EV charged at home is the equivalent of having an extra refrigerator. That's not going to send the electric companies into predatory pricing mode. $0.010 might become $0.012.