Description
As more and more EV's are sold, gasoline prices climb. Thousands of EV's are sold each month. Each one of these represents a perpetual financial loss for Chevron, Shell, BP, etc. If oil Comoran hers cannot achieve their billions in profit each quarter through volume, they will achieve it via higher markup per gallon
As every major auto manufacturer is committing to build electric vehicles, oil companies lose their monopoly.
One thing is for certain. Oil companies will not lose. One way or another they will achieve their profits.
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