Earlier quoted context omitted.
>replace all ICE with EV I'm honestly not convinced this will happen. I think the ratio will get a lot more even but I highly doubt ICE will be replaced. Especially as the atmospheric CO2 concentration increases the economic viability of reducing it back into hydrocarbons increases. Already it's much easier to grow microalgae than it was during the first government experiments in the 60s. As these technologies improv…
> highly doubt ICE will be replaced I think it will. For cars and trucks, at least. There is a massive recurring cost to maintaining the refining and distribution infrastructure for gasoline, to say nothing of developing, building and selling a new vehicle. All of these systems have been built for scale. When demand dips below the level to maintain them, they become obsolete. At that point, one must build new infrast…
Gas stations make most of their money as convenience stores, often selling gas at very narrow margins.
Additionally, the average age of the cars on the road is >10 years. The sales today are not supportive for your thesis unless the price of gas continues higher.