Money supply and ng and oil prices…This increase in money supply is actually extremely bad for oil and gas in medium and long term.
A high interest environment with increased money supply like we have has helped ev s as average price of an ev in USA was like 55k. A lot of baby boomers made lots of cash on stock market and could buy an ev in cash...no financing.
The USA ev sales would be lower if fed started hammering money supply down as stock market would do down. If you are a baby boomer and portfolio is lower you are less likely to want to buy an ev.
Even a lot of 35 plus fall into this category of no debt and financial assets in metals or stocks.
you watch when a sub 30k ev comes out in massive supply then they start cutting interest rates so poor people can borrow money at an affordable rate to buy an afforabable vehicle.
government doesn't want auto sales to be affordable to more of general population yet as isn't a cheaper ev out yet. Auto companies are still getting ready.
high interest rates have kept combustion vehicle sales to over 2 million less sold per year compared to precovid.