Robert Roth
Jun 28, 2022

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China manufacturers of EV can match GM price performance of $26000. Which is another reason that EV pricing will ensure increasing demand. As manufacturing rates double cost decline roughly 10%. The trend is clear. Some gasoline consumption will decline be 50%. What will oil companies do in terms of pricing? If demand decline is inevitable they will mike the market to maximize profit. The price of fuel will not slow the trend to EV unless gas price declines to less then $1.00 per gallon. In shot oil comparing pricing won’t slow the decline so price gas at at profit margins. This means the current high price for gas is not reflecting cost, it reflects a business decision to milk a declining market for gas.

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Robert Roth
Robert Roth

Written by Robert Roth

Retired Intel Electrical Engineer, 70's US Navy Officer Nuclear Power Program, Graduate studies in Business UC Berkeley, BSEE U of Fla.

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