TO THE EDITOR:
Richard Truett says, "Why buy an electric vehicle when gasoline is cheap? Performance" (March 16). But that answer is incomplete. His question is the 2020 edition of the 1990s' "Why buy fuel-efficient cars in an era of cheap gas?" Customers did just that, blowing up the Detroit Three's future.
Electrics are doing to gasoline's economics what gas sippers from Japan did to Detroit: totally redefining and re-creating the economics of energy. You see this in the Saudi-Russia oil price war. This is a duplicate of the 1980s price/market share battle.
But in 2020, if you look carefully, the energy world is not the 1980s era of peak supply but now an age of peak demand — that is, individual demand for oil falls faster than total demand rises.
Electric car makers and their power sources are now on an equal basis against gasoline producers and suppliers so far as what the future market holds. Electrics need to create the economics of that market; they will then control the economics of gas.
NORMAN HIGBY, President, WMP Forecasts, Menlo Park, Calif.