Great point. So electric power is cheaper. Of course as the world moves to renewables for electric power both the pollution and cost of EVs become better than gasoline or diesel.

Another fun data point. The expected life of an EV is about 300,000 miles. So buy and EV then eventually sell it, let’s say you lease a new EV every 3 years. In 12 years you have injected 4 X 300000 or 1,200,000 miles of not driving on gasoline or diesel. For every new EV customer the oil industry loses gasoline or diesel worth about 1,200,000 miles divided by 25 MPG avg times about $4.00 per gallon. (The cost varies by location I know. So $192,000 sales lost by the oil industry.

Each convert to EVs is a big deal to the oil industry. They worry about stranded assets depressing their stock value.

All of which is to say propaganda from the oil industry is very opposed to EV. That is they lie. Politics spending favors folks who don’t favor EVs. Trump is a good example.

Assume EV sales ramp to 10 million per year in the US. How much future revenue is taken off the table every year? Lots.