Paradoxical effect of tariffs and US trade war on EV adoption
While costs are certain to rise across the board as a result of new tariff policy, I can’t help but wonder if EV adoption may increase as a result of rising oil prices due to the trade war. Sure, we refine and export plenty of petroleum products here in the US, but that depends in part on our ability to import Canadian oil. In contrast, electricity generation is far more diversified. Depending on how severe things get, I wonder whether the cost of gas will reach a point where EVs become a much more attractive option. Of course, if we find ourself in a financial crisis tomorrow morning, I can’t imagine folks rushing out to buy a vehicle, period. Thoughts?