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this post was submitted on 02 Mar 2024
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How many EVs will it take for fuel prices to start decreasing? Or do prices only react to increased demand ๐
They'll lower production to introduce artificial scarcity.
Which is amazing news for the planet, they're greedy though so they'll probably try and keep it cheap enough to keep people using and maximize profit.
It's going to be interesting when a large enough portion of cars on the road are electric that gas stations start to lose enough business to thin out.
Just like they have done many times in the past.
That's why we need to hit peak oil fast. It will be a definitive fuck you to oil.
Oil is not produced at maximum rate since the 70ies - which is good. (OPEC) We technically could produce much more and cheaper - but not for long.
Yeah for the record I think it's a good thing, but wanted to point out how the supply/demand system so often finds ways to keep screwing the consumer when demand reduces.