Russia’s invasion of Ukraine has forced the oil prices at an all-time high, driving an increasing number of people to flock to Tesla, making it America’s most popular electric vehicle manufacturer by far.
The Elon Musk-led company’s order rate in the United States is increasing by 100 percent week over week in areas of the country that have been particularly badly impacted by sky-high petrol costs.
Needless to say, this is significant: it suggests that rising gasoline costs are really driving more widespread EV adoption, which might imply that rising gas prices are already boosting greener consumer choices.
Despite the increasing excitement, there is one major issue: Tesla’s ability to keep up with demand has never been their strong point. While a new influx of orders may send a strong signal to investors, Tesla will not be able to increase production levels overnight.
It is a sign of the times that gasoline-powered automobiles are unlikely to survive, and the electric car will surely triumph when the world runs out of fossil fuels. However, in the medium term, countries will need to find out how to keep engines running in the absence of Russia.
But, for the time being, we must quickly raise oil and gas output since sustainable energy alternatives cannot react instantly to compensate for Russian oil and gas exports.
Reference- Car AND Drive website, Electrek website, Mercury News, Elon Musk Twitter Handle