LTLFTcomposite
Well-known member
With Iran ratcheting up tensions in the Strait of Hormuz it seems like a good time to reexamine this question. One of the hater arguments against EVs has always been "I can fill up in two minutes and go another 300 miles". Most people now are too young to remember the 1974 oil embargo when filling up wasn't two minutes, it was more like sitting in line for three hours with an 8 gallon limit.
I've always thought a good old fashioned supply panic on gasoline would change the calculus on EVs in buyers' minds. My understanding is with fracking we are close to being a net zero importer of crude, but it seems like a disruption in world supply would at least trigger some regional shortages. Plus considering fungibility if someone else's supply gets disrupted, market forces will raise prices in the unaffected areas as supply shifts from unaffected areas to affected areas.
I've always thought a good old fashioned supply panic on gasoline would change the calculus on EVs in buyers' minds. My understanding is with fracking we are close to being a net zero importer of crude, but it seems like a disruption in world supply would at least trigger some regional shortages. Plus considering fungibility if someone else's supply gets disrupted, market forces will raise prices in the unaffected areas as supply shifts from unaffected areas to affected areas.