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Do oil businesses want electric cars?
Electric cars only seem to be growing more and more in popularity every day. I can’t help but wonder what this means for the future of big oil and other industries that rely on the profitability of fossil fuels. Are oil companies against electric cars?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
While it’s hard to know exactly what the future will look like, the presence and growing popularity of
electric cars
is just one piece of a much larger puzzle towards consumers becoming more eco-friendly. According to the
U.S. Energy Information Administration
finished motor gasoline makes up about 44% of U.S. petroleum consumption. As American drivers and auto manufacturers start to move away from gas-powered vehicles entirely in favor of electric-powered cars, they do pose a very real threat to the future of the oil industry.
If electric cars are the future of the automotive industry,
Jerry
is the future of car insurance
. Jerry is an app that can compare plans and rates from 50+ top-rated insurance providers in seconds, to make sure you’re always getting the most out of your car insurance plan. Jerry will even send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price.
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- Gregory R.
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