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
13 January 2026
Across Europe, countries have grappled with balancing ambitious energy transition plans with realities about security of supply
13 January 2026
The country’s hydrocarbon resources offer a strategic and social opportunity that could see it becoming a leading light in Africa
13 January 2026
Government reforms are restoring investor confidence in the country’s oil and gas industry
12 January 2026
Gulf Keystone looks to a ‘transformational’ 2026, with the oil producer upbeat for the region should all the vested interests keep their eyes on the prize
