Owners of electric vehicles must be feeling pretty smug right about now. With the Strait of Hormuz closed thanks to the American President irrationally ordering an attack on Iran, petrol prices have climbed significantly in the past month. And it’s only going to get worse until there’s truce.
I’m so glad I do not have a car commute. Though if I did, I would have purchased a fully electric vehicle a long time ago. EVs are the perfect commuting appliance. The lack of combustion engine means a super quiet cabin. The torque innate to electric motors makes zipping in between traffic gaps a cinch. There’s far less maintenance items for an EV compared to an internal combustion car. The only negative is that, for those who can’t charge at home, you’ve got to wait a bit long to “refuel”.
But you’d rather have that, wouldn’t you, than paying for stratospheric gas prices. If your livelihood is car-dependent - ride share and delivery drivers - and your car uses petrol, it is currently not a very good time. Fix cost per mile has shot straight up. Another smug feather to the cap of Waymo. Their fleet of self-driving taxis is fully electric, therefore insulated from the inflating gas prices. I reckon the human taxi driver as a profession is slowly going towards extinction.
The taxi driver that drove us to the airport in Guangzhou was not feeling the gas price pinch. Because his car is fully electric. China has successfully weened itself from internal combustion vehicles. Can’t have an oil chock if you’re not dependent on oil! Perhaps it will prove shortsighted for the United States government to roll back on its EV incentives and infrastructure spend. If not for air quality, do it for oil independence.
That said, even if you drive an EV, this turmoil in the oil markets will touch you and all of us eventually, one way or another. Way too many things are dependent and correlated on the stable availability of petroleum. Gas prices is only the tip of the iceberg we can easily and initially see. There’s surely more pain to come in many other areas. I should book that flight for my fall vacation before airlines raise ticket prices…
Good luck charm.