Cheap gas drives auto industry to distraction

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Cheap gas drives auto industry to distraction
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With crude oil futures near $26 a barrel, drivers might lose enthusiasm for electric vehicles if governments put support on hold. Carmakers are ill-advised to let investment slide, writes KatrinaHamlin:

The United Arab Emirates followed Saudi Arabia on March 11 in promising to increase oil output to a record high in April, as the two OPEC producers raised the stakes in a standoff with Russia that has hammered global crude prices.

ICE Europe Brent Crude Electronic Energy Futures stood at $26.45 on March 19, down by 47% from the opening price on March 6.

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