A question I've been pondering is "peak oil usage". I posted a prediction on this on the other thread showing it would be about 2035. That sounds about right, at some point EVs will cut into petroleum needs/demand. Then what? Well, oil producing entities will have to cut production of course to keep prices up somewhere, though I expect price erosion will happen, probably oil wars, economically speaking. Eventually, at some point, we'll be awash in oil that no many need or want. We still need it for chemical production and a lot of transportation will need it, but less than today by enough to matter.
Will lower prices then feedback into making EVs less competitive?
