This just made my day: OPEC published report declaring that BEVs are doomed.
There are a few theories on what drives the cartel to start oil price war. While fighting for their market share might be part of it, I think that there is realization that they need to fight not for the oil market share, but for OIL MARKET itself. The fight with oil industry is not going to be easy, but it seems that we are entering the third stage: First they ignore you, then they laugh at you, then they fight you, then you win (Mahatma Gandhi)
Ironically, the low gasoline prices will harm hybrids first, because they are a very poor compromise - the ONLY reason people buy them is to save on gasoline. The incentive to buy the hybrids disappears when gasoline is cheap.
Saving on gasoline is NOT a primary reason for buying BEVs, hence the sales of BEVs are not taking a hit due to lower gasoline prices, while sales of hybrids are (When cheap gas affects new car sales, don’t confuse EVs with hybrids - Torque News)
Here is the "wisdom" from the world Oil Outlook report issued by the OPEC cartel:
Pure plug-in electric cares are unlikely to gain a significant market share in the foreseeable future. Apart from a high purchase price there are issues of convenience, such as range limitations and battery performance during hot and cold weather conditions (when higher output would be needed for cooling or heating the car). Vehicle electrification will likely be mostly confined to various degrees of hybridisation, including plug-ins.
Here's OPEC's chart:
Read more: http://www.businessinsider.com/opec...olution-is-a-pipe-dream-2014-11#ixzz3IRszqwSK
There are a few theories on what drives the cartel to start oil price war. While fighting for their market share might be part of it, I think that there is realization that they need to fight not for the oil market share, but for OIL MARKET itself. The fight with oil industry is not going to be easy, but it seems that we are entering the third stage: First they ignore you, then they laugh at you, then they fight you, then you win (Mahatma Gandhi)
Ironically, the low gasoline prices will harm hybrids first, because they are a very poor compromise - the ONLY reason people buy them is to save on gasoline. The incentive to buy the hybrids disappears when gasoline is cheap.
Saving on gasoline is NOT a primary reason for buying BEVs, hence the sales of BEVs are not taking a hit due to lower gasoline prices, while sales of hybrids are (When cheap gas affects new car sales, don’t confuse EVs with hybrids - Torque News)
Here is the "wisdom" from the world Oil Outlook report issued by the OPEC cartel:
Pure plug-in electric cares are unlikely to gain a significant market share in the foreseeable future. Apart from a high purchase price there are issues of convenience, such as range limitations and battery performance during hot and cold weather conditions (when higher output would be needed for cooling or heating the car). Vehicle electrification will likely be mostly confined to various degrees of hybridisation, including plug-ins.
Here's OPEC's chart:
Read more: http://www.businessinsider.com/opec...olution-is-a-pipe-dream-2014-11#ixzz3IRszqwSK