Will EVs Be Saved By Middle East Oil Emergency?

By Douglas McIntyre  •  March 11, 2026

GM and Ford just turned their backs on the EV industry after billions of dollars in write-offs. At $100 oil, gas is $5. How long does oil stay high? What’s the point at which people will turn back to EVs to save money? And how long does it take for car companies to retool their plants?