Subscribe to Receive the Daily Report

Thursday, March 23rd, 2017

Electric Vehicle Purchase Incentives Under Fire In Many States Courtesy Of Big Oil

Author:     Kyle Field
Source:     Clean Technica
Publication Date:     March 21st, 2017
 Link: Electric Vehicle Purchase Incentives Under Fire In Many States Courtesy Of Big Oil
Stephan:   Big oil and all its cousins are not going to die easily, and they own both the Congress and a number of state legislatures. So of course they are doing what they know best: they are trying to rig the laws to cripple the conversion out of the carbon age. It won't work, the trend is against them.

a lot filled with electric vehicles
Credit: BMW

With the early introduction of affordable, long-range EVs like the Chevy Bolt (with 238 miles of range) and the Tesla Model 3 (slated to move into production in July with 200+ miles of range), 2017 is expected to see banner sales of electric vehicles.

However, the transition to EVs also represents a drastic change from long-established global business models that have grown accustomed to generating billions of dollars of profit each year from the legacy automobile industry and the fossil fuels they consume.

While the fossil fuel industry has resisted EVs over the years, the war is only beginning. As the Tesla Model 3 production ramp up hits its stride and the Early Adopters give way to the Early Majority in the EV adoption curve, Big Oil will start to feel the pain as gasoline consumption drops and erodes demand of an already unstable commodity.

With these changes on the horizon, 2017 is shaping up to be a big year for Big Oil in the fight against EVs, and it is taking the fight […]

Read the Full Article