Fuel prices have pushed a lot of people and businesses to finally buy their first electric car or truck or crane or bulldozer or whatever, and they aren’t going to set it on fire and replace it with diesel gear if fuel prices go back down again. At most, they’ll sell it to someone else who will use it instead. Those electric equipment purchases have permanently removed fuel demand.
Fuel prices have pushed a lot of people and businesses to finally buy their first electric car or truck or crane or bulldozer or whatever, and they aren’t going to set it on fire and replace it with diesel gear if fuel prices go back down again. At most, they’ll sell it to someone else who will use it instead. Those electric equipment purchases have permanently removed fuel demand.
That’s a bit dramatic.
The fuel prices have certainly made EVs more desirable, and that change in perception won’t dissipate.
However, manufacturers didn’t magically have more product arriving at market for consumers to buy in the few months this crisis lasted.
probably cut the costs on equipment and maitenance, granted they might need more specialized maitenenace care.