OPEC Pretty Much Says As Long As Oil Is Cheap No One Will Want EV Cars - Is This True?

OPEC Pretty Much Says As Long As Oil Is Cheap No One Will Want EV Cars - Is This True?

OPEC is predicting that 94% of cars on the road will still be powered by oil-based fuels in 2040.

 

"Without a technology breakthrough, battery electric vehicles are not expected to gain significant market share in the foreseeable future," the organization said in its annual World Oil Outlook.

The group predicts battery-powered electric cars will capture just 1% of global vehicle sales by 2040.

OPEC says there will be little demand for other alternative-energy vehicles powered by hydrogen fuel and natural gas due to high costs and a lack of refueling stations.


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TheSteveTheSteve - 12/24/2015 11:59:14 AM
0 Boost
Not true! There will still be buyers for EVs and hybrids, just in much reduced numbers. We're seeing that today.


TomMTomM - 12/25/2015 1:51:35 PM
+2 Boost
And that is what OPEC is predicting - that EV's (not Hybrids that use oil) probably don't reach 6% of all cars produced now - and that number is getting smaller. And - with cheap gas - an EV will not be a practical alternative to a gas car until they have long range and quick recharge (Like in minutes - not hours). It is - to me- more possible that SOLAR could be developed over the next 50 years.


jameswisrikjameswisrik - 12/24/2015 12:33:40 PM
0 Boost
I still want the Toyota Mirai...or Prius! I still want to breath clean air and drink clean water!




MDarringerMDarringer - 12/24/2015 2:13:27 PM
0 Boost
I like to breathe clean air too but I'd like more than one breath. LOL


MDarringerMDarringer - 12/24/2015 2:12:52 PM
+1 Boost
"No one" will buy EVs until they can be recharged as fast as filling a tank and there is no exorbitant price premium.


ScirosSciros - 12/24/2015 11:08:58 PM
+1 Boost
The infrastructure isn't there yet to support EVs for enough people. On top of that... most people can't afford to buy new EVs... or really new cards, period.

That said, there's no need for a "fast recharge" if there's infrastructure to support charging in more places. My phone doesn't recharge in 5 minutes but I do use my phone a lot every day. It's because it's charging overnight, or while I'm at work, etc. EVs can be charging whenever they're not in use and that would make them viable for like 99.9% of what they're needed for. For long distance trips, rent a gas car or hop on a train... oh wait we don't like trains here in America :-(

2040 isn't too far away but nevertheless a lot can change in 25 years. It's a whole generation. We'll see what happens. Maybe we'll have lots of EVs. Maybe we'll be post-WWIII and be living off dog food. OPEC's outlook... I would take it with a grain of salt in any case.


MDarringerMDarringer - 12/25/2015 10:42:57 AM
+2 Boost
If you're driving across the state of California--as I do--fast charging is a necessity. I don't have to rent a car with a gas car. Trains do not offer the same mobility as cars.


ScirosSciros - 12/26/2015 10:35:15 PM
+1 Boost
Trains can get you pretty close. I visit Japan every once in a while, and can pretty much get anywhere I want via public transportation, mostly trains. Even off the beaten path, to an extent, and certainly anywhere one would go day-to-day.


supermotosupermoto - 12/25/2015 10:50:00 AM
+1 Boost
I really do not give a F about money so I'll just buy whatever kind of car I want. Could be gas, hybrid, whatever...just needs to be exclusive.


TomMTomM - 12/25/2015 1:48:00 PM
+2 Boost
May I suggest a nice AMC Pacer - rebuilt of course - can't get much more exclusive than that!


MorePowerMorePower - 12/25/2015 8:51:13 PM
0 Boost
In the long-term, ev sales will win out as the technology improves and charging locations become more readily available.

For the fortunate ones that can afford it, meaning own/rent a home that allows for the installation of a fast charger, ev is a cheaper alternative for the daily commuter car.



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