I know...Long term.
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I dont personally see the electric cars on the trend now. When u looked at US..they kept buying the oil n store it during the last couple weeks. Why people buying expensive electric cars when the oil is flooded the market n cheaply over there
Buying a new car is normally a long term decision (given an average vehicle life span of 2 decades or so).
How long do you think cheap oil will prevail if markets start humming again - no matter whether this is in 6 months or in 3 years from now? Same demand and significantly less supply due to Americas shale oil industry going to the dogs.
I'd think buying a new electric car wold make a lot of sense. Anybody buying a new gas guzzler now will rapidly need to write off their investment when (whether in months or a couple of years) oil prices ramp up again.
Agreed....sadly....how many people afford to buy electric cars now? 50k the cheapest electric car....I would assume people is using the current cars
Jet fuel prices world wide went up 4.3% for the week ending 17/4,if oil is coming down in price one has to presume margins are going up.Time will tell of course but overall this should be a positive for Z but not so good for airlines who are trying to recover.
However it could just a one week blip!