Electric Cars Could Really Hurt The Oil Industry | Vol. 3 / No. 50.4

With Tesla set to sell hundreds of thousands of cars over the next few years, Chevy Bolt sales expected to hit 30,000 just next year, Germany passing a nonbinding resolution to ban internal combustion engine vehicle sales by 2030, and Bloomberg reporting that the unsubsidized lifetime cost of electric cars is likely to fall below that of gas-powered ones by 2022, it’s really starting to look like the clock is ticking for oil companies, or at least for their profits.
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