Elon Musk “feels bad” about his hatred of the oil and gas industry

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Elon Musk said he “felt a bit bad” for hating the oil and gas industry over the years, saying that many oil companies had grown their business of producing and burning fossil fuels before he did. becomes clear that oil and gas contribute to climate change.

In a wide range conversation on the swing with New York Times’ Kara Swisher, Tesla founder and CEO said, “Honestly, I feel a little bad for hating the oil and gas industry.”

“For a lot of people in the oil and gas industry, especially if they’re older, they built their businesses and got their jobs done before it was clear that this was a serious problem,” Musk said. .

“And now they probably feel badly done, that people are making them look bad, when they’ve been working hard for the longest time to support the economy, and they didn’t really know what it would be so. bad, ”he added.

In the past, Musk has blamed the fossil fuel industry of “relentless and huge” propaganda and called on people to revolt against it.

Musk also said that automakers and oil companies agendas against Tesla and against electric vehicles.

Related: World’s No.1 Oil Trader Sees Crude Inventories Diminish This Year

But for now, Musk told Kara Swisher, automakers make electric vehicles and that was one of Tesla’s goals: to make the industry begin to realize that the future of road transport is electric.

Although Musk said he felt bad about hating oil, he said “the end of the fossil fuel vehicle is near.

Analysts believe the tipping point for mass EV adoption could be in a few years. Analysts have estimated that battery prices should drop to US $ 100 / kWh so that electric vehicles have a chance to compete with the cost of the internal combustion engine. Automakers and industry experts believe that the US $ 100 / kWh mark could be reached as early as 2024, if not earlier, and that this milestone will spark the electric vehicle revolution.

On its battery day last week, Tesla promised drastic cuts in battery costs and a $ 25,000 autonomous electric vehicle within three years or more, but the the event was light on details and described as “disappointing” by analysts.

By Tsvetana Paraskova for OilUSD

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