Maybe not in our country, but certainly in a lot of the world - EV's are starting make serious inroads

[Finishline42]

Link to tweet

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[johnnyfins]

1. This is good to hear.

This administration can NOT stop the tide of mankind's reaction to climate change any more than it can stop climate change itself. Mother nature ALWAYS wins in the end.

[WSHazel]

2. It is likely the U.S. will import oil again

As world demand for oil declines, the supply will actually increase since the producers realize that a barrel of oil is likely worth more today than it will be in 5 or 10 years. In a declining demand environment, there is no reason to withhold production. The low cost producers will win in this environment, but the U.S. fracking wells are actually among the highest cost producers in the world. As oil drops below $60 and $50 a barrel, these fracking wells become unprofitable and will turn off, reducing domestic production. That is roughly half of the U.S. oil production.

The U.S. has to switch to EVs and hybrids soon, because $50/barrel is possibly by 2027.