11 August, 2023

OIL VS ELECTRIC CARS

 


oil vs electric car



Electric car companies tesla  have brought a great revolution in the world of auto mobile. After their announcement of tesla electric car, CEO Elon Musk's electric cars are being bought in great numbers and the demand for them is increasing daily. Other car companies are also shifting there new model to an electric version with a cut in cost of oil. Oil demand is decreasing as Compared to few years ago. Decreasing in oil demand may bring a danger sign for middle east and other oil supplier countries. Filling up petrol is 80% more cost than recharging electric cars. Cost of petrol vs recharge electric car  depend on country situation.

That difference between petrol and electric cost  force people to shift on electric cars. Famous brand in automobile industry announced there new car model as electric version. It may bring a  big change in oil industry lead by middle east economy. As middle easy most  countries economy depends on oil export. It estimate that in 2025 demand of 2 million barrels of oil a day may be eliminate due to electric vehicle. Which may start countries to not depend on oil export countries

But there is a big problems in electric cars  is electric cars batters life   span is short and need to replace battery after some times which start a great business for battery productive companies but it can be solve with nuclear batteries which can last long for many years.   

 Car need at least 1 and half  to 2 hours time for complete charge and some even some need 5 hours or more to change fully which is a great problem for people who are waiting for there turn. That is why 41% of American against to buy electric cars .

Most of  consumers do not want Electric Cars because  they think they will not  be able to charge them when they are away from a charging station.

One of great benefit is  people are worried about the environment and electric car can save environment but still it have some impact on environment .  

By looking on these problem some of people avoid electric car which saves oil export countries oil business  but all countries who are oil export or depend on oil export business are need to worried about future oil valuation .  

In end buying an electric car is better decision  for day to day usage. 




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