Oil Prices and Car Dealers:”Peak Oil Demand”

If oil prices stay low, expect a clash between government’s emission and environment aspirations and car users financial self-interest. Low fuel prices make switching to alternative fuelled vehicles less likely. So, the subsidy costs are likely to be higher and last longer. But that is unlikely to deter policy makers . They see larger prizes: opportunities to re-shape global car production and grab a larger slice of profits for the future and to reduce the capital flow to the oil-producers. Electric cars is the game changer of the 21st century.

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