They are already heavily subsidized. They need to come down in cost a LOT. Imagine how pricey they are with no incentives for the manufacturers and consumers...I think there is plenty of demand. They just need to come down in cost a little bit.
Wrong, OPEC never increased supply, and in fact have decreased supply. Shale happened, and the United States has one of the largest shale reserves in the world second only to... yup, China.What is a mistake is to assume that fossil fuels are going to continue their recent trend forever. The current state is a very special case exception due to the Saudi's and OPEC intentionally flooding the market to try to break shale and other newer production.
China has the world's largest shale reserves, and for all practical purposes hasn't even TOUCHED it yet. If they did right now, world economies would shake, as oil would become insanely cheap and it would cause instability in the middle-east. But you can rest assured that China will tap that ass if oil prices climb, as its too lucrative not to.
Bullshit. You know why? Futures trading. If oil were going to be "$140+ in no time", people would be trading massively! I trust people with billions of dollars at stake more than I trust you, sorry. But hey, maybe I'm wrong, and you should put your money where your mouth is and buy $50K in futures and post back about how you're a multi-millionaire.This won't go on forever. Just you see. We will have $140+ per barrel oil again in no time.
Cost can't be the only factor, because its a downside. Electric cars have a LOT of downsides now, and yes the crowd that fart into empty wine glasses in order to enjoy their own brand with tremendous satisfaction can get off by environmental virtue-signaling, but they can do that with a plug-in hybrid too. And I think plugin-hybrids are great for many people, and make a lot of sense. Its just pure electrics I think are premature.Also, it is silly to assume that the cost factor is the only reason people buy electric cars. They are also sleek, quiet, cars, with very low maintenance requirements due to having comparably few moving parts, and never underestimate the "feel good" effect of people being able to say they are green and focusing on their carbon foot print. It may not be a big deal to you, but lots of people out there really care about that shit, and the truth is, even if we were on 100% fossil fuel electricity generation, an electric car would still use less energy, due to the very high efficiencies in large power plants, vs the very low efficiencies in internal combustion engines.
Turbocharged cars work awesome at high altitudes, with virtually no change in performance. And, frankly, turbo cars are more popular today than ever before... heck, the fact that both the Mustang and Camaro are even turbocharged now should be evidence of that.ICE cars don't work so well in high altitudes anyway.