Oil's march toward $100 is just what electric ⚡ cars need October 6, 2018
By Jeremy Hodges, Oliver Sachgau and Ania Nussbaum
SNIPPET:
Fuel prices reached a four-year high last month, concentrating consumers’ minds on the relative costs of internal combustion versus electric motors. For companies preparing to bring a record number of electric and hybrid models to market in 2019, oil’s rally could turbocharge demand.
“The higher the price of oil
the more tailwind we’re going to have behind
electric ⚡ cars,”
Carlos Ghosn, chairman of Renault SA and Nissan Motor Co., said at the Paris Motor Show on Wednesday.
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