Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

In the News

Electric cars threaten oil corporations

Graham Watson

19th October 2016

Share this content:

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%

Share this content:

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.

You might also like

In the News Teaching Activity – What is likely to happen to UK inflation over the next year? (July 2026)

2nd July 2026

In the News Teaching Activity – Why have BP’s profits been rising? (May 2026)

14th May 2026

In the News Teaching Activity – How could the Iran War affect the UK economy? (Mar 2026)

9th March 2026

In the News Teaching Activity – Is the UK economy becoming more productive? (Feb 2026)

19th February 2026

In the News Teaching Activity – has Costa coffee gone out of fashion? (Sept 2025)

4th September 2025

In the News Teaching Activity – Coca Cola may increase its use of plastics as tariffs are set to increase the price of aluminium (Feb 2025)

20th February 2025

The AI Revolution: Will the UK Lead or Lag?

14th January 2025

The Changing Economics of the Motor Industry

1st December 2024