Oil's electric shock
More EVs will push their way onto the road as new affordable models are rolled out
In 2018, Nissan will finally release an update to its popular electric vehicle (EV), the Leaf. It will get 150 miles a charge, in the mid-range of EVs on the market. The breakthrough is in the price: $30,000. In California, generous state- and federal-tax credits will bring that cost down as much as $10,000. Even a middle-income buyer in Texas, which doesn't offer a tax credit, whose tax liability only allows them to use half the federal credit, could buy the Leaf for $26,250. For a car that will save at least $4,000 in fuel costs over the first decade of its life, that's a great price. It's also a dangerous price for both the auto industry and especially the oil industry. The EV-affordabili
Also in this section
11 August 2025
The administration is pushing for deregulation and streamline permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
