When many of us switch to electric cars (say 50%) does that mean the remaining 50% have to pay double for their fuel? I say this based on how OPEC operates...the more we cut down on oil they increase the price so they get the same overall take.
Where do you think a lot of the electricity we use comes from? Oil fired power stations for a proportion, so the cost of electricity will keep pace with the cost of petrol I would guess so you wouldn't be any better off. Until they develop properly efficient ways of generating power then we will be reliant on the oil producing countries until it runs dry.
Quite true. And to harp back to an earlier question it makes the ridiculous efforts that the UK is making to cut its emissions by 50% utterly pathetic.
Yes the price of fuel is bound to go up. Despite the switch to electric cars, there always will be a rising demand in places where electric cars are not really viable options and as we all know the oil reserves are shrinking.