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by heygrady 3241 days ago
Oil companies recently raised their projections on EV adoption by 40% [1]. Many countries are setting aggressive EV quotas, targeting 100% EV adoption in the near future [2, 3]. Perhaps counter-intuitively, oil prices have not historically affected EV purchases [4]. Detailed sales trackers have shown consistent year-over-year growth in the EV segment for the past 22 consecutive months [5], a time when oil prices have been relatively low [6]. Even with low gasoline prices, driving an EV is reported to be less expensive per mile [7].

[1] https://www.bloomberg.com/news/articles/2017-07-14/big-oil-j...

[2] https://www.forbes.com/sites/timworstall/2017/04/30/indias-a...

[3] https://thinkprogress.org/norway-aims-to-end-sales-of-fuel-b...

[4] http://www.fleetcarma.com/buying-ev-low-oil-prices/

[5] http://insideevs.com/monthly-plug-in-sales-scorecard/

[6] http://www.infomine.com/investment/metal-prices/crude-oil/5-...

[7] https://www.pluglesspower.com/learn/driving-electricity-chea...