I don't think that all cars will end up EV, just enough to create an equilibrium between petrol powered cars and electric vehicles.If 25% of the current world car fleet were to be EV then the price of oil would fall to some more or less sustainable level.The oil industry to me seems very opaque with lots of disinfo regarding reserves so it's hard to tell how much of it is out there.Everyone is trying to manage public perceptions,the oil cos interest is in oil being perceived as in terribly short supply to maintain price expectations. The greens are into creating eco-panic etc, so there is plenty of momentum for a new motoring paradigm.
There are huge amounts of oil shale, tar sands and even coal to liquid possibilities out there (at a price) so we won't be running out of oil anytime soon.
That said, I think that ADY is definitely in the right game at the right time,with such a push on for EV and the demand for lithium(and potash).Just wish they could meet a forecast once in a while!
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