RE:RE:RE:RE:RE:RE:OBE the only stock moving today in the oil patchWhen you add an Electric Vehicle to the road, you don't take a internal combustion engine off the road - you sell it so someone else.
Cars last for years - certainly a decade for most. The internal combustion engine vehicles being sold today will be around for the next decade at least.
As for that Electric Truck you are going to buy. See how fast the batteries drain when you are going at highway speed. They are not like ICE engines. ICE engines get better economy on the highway - electric vehicles are the opposite.
Also try see what happens to the range when you put some weight in it AND drive it on a highway.
The dirty little secret about EV's is the Electro Magnetic Field you sit in. Tesla says they have EMF shields in their cars - makes you wonder why they need them! Then it makes you wonder how well they work
It reminds me of all the cigarette companies that said smoking cigarettes didn't cause health concerns.
If I was a mother with little children, I would not put them in an electric vehicle. Childhood leukemia and childhood brain tumors, just don't appeal to me. Somewhere down the road I expect EV's are far less poplular than they are now.
Here in BC where I live, they have been trying to build the site C electricity dam for years. Still not done, and billions over budget. Well here is a fun fact, if BC's road stock was all powered with electricity, BC would need 16 more site C dams! Don't expect that to happen anytime in the next 20 years. BC can't even build one.
Am I worried about EV's - not in the slightest.
If I had to guess, I'd say if EV's got popular in BC, the grid and electricity capacity would limit out long before they made any dent on oil damand.