Economics
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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.
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%
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