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Electric cars threaten oil corporations

Graham Watson

19th October 2016

This FT clip looks at the implications of electric cars for the oil industry - what is the nature of the cross price elasticity of demand for electric and petrol-powered vehicles? - and the concerns that Fitch, the ratings agency has for oil companies.

Electric cars threaten oil groups

It's not so much that electric cars are currently a threat, however, they have the potential to be exceptional disruptive, particularly if the cost of running continues to fall. Since 2008, battery costs have fallen by 73%

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.


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