Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
Probably not, as many other industries use gas, including electricity power plants.
Also, at least in Europe, once you include income tax over 70% of the gas price ends up in taxes and the rest is the actual gas and the profits for the fuel station.
Which makes sense considering how expensive car infrastructure is. EVs should also pay for the infrastructure at some point, it just wouldn’t be fair otherwise, so comparatively to electricity, yes, it’s probably going to stop being so much cheaper.