Oil likely to crash next decade?

There are 2 major reasons that people aren't flocking to electric cars yet.
- driving range is not long enough. This can be fixed by better battery tech or having quick and plentiful recharging stations widely available
- cost. electric cars cost a bit too much, so it's hard to justify paying a few thousand extra bucks up front even if you might make break even on gas in the long term. Cost will come down though.

The other smaller issue might be unknowns about maintenance and potentially lower resale value of a 5+ year electric vehicle due to the fear that the extremely expensive battery may need to be replaced soon.

These are all solvable to some extent and should improve dramatically over the next 5-10 years, so then you may see a vast number of people switching to electric cars for their daily personal transport needs.

>Oil is dead when an electric motor can Carry longhorn cattle across 800 acres
Not making the cattle walk to their death

You do realize oil already crashed?

This guy gets it.

For electric vehicles to become standard there needs to be
>enough minerals to make that many batteries cheaply
>enough capacity of the electrical grid to power them
Nether of these are the case currently.

There's a double problem in that much of the worlds wealth is in colder places with long winters. Batteries don't maintain a charge well when it's cold. And there's reduced ability for solar production too. It would never be feasible on the American eastern seaboard.

>go on family vacation
>drive 200 miles
>recharge
>drive 200 miles
>recharge
>drive 200 miles
>recharge
>Get to destination
>Realize its time to go back or you'll miss work and get fired
>drive 200 miles
>recharge....


The problem with electric cars has always been range and feasibility. Not to mention batteries are expensive as fuck and need to be replaced every 3-5 years. Honestly, I can see them getting rid of safety features and going to alcohol driven go carts before electric cars become a thing. Plus oil isn't regenerating. There is a finite amount. It will continue to be worth something until we use the last of it.

>go on famiily vacation
>drive 40 miles
>at airport
>free electric car parking
>take 1200 mile flight
>enjoy vacation
>fly back
>enjoy fully charged car
>drive home

Must be nice to be so rich you can afford a plane to go where ever you want. But you are right, there are no electric planes so oil is still going to be a valuable. Also most working class will not be able to afford to jet set so no vacations for them unless they have a gas vehicle.

you do realize the factors behind the crash are political ?
you do realize that not everyone can afford a brand new car let alone being electric ?

>political

The dollar caused the crash of oil and the crash of metals.

>new car

That's why you buy used or lease.

and most electric cars are ?
how much is a 2001 tesla wagon ?