Will the continuous rise in oil prices give new market opportunities for new energy vehicles?

Of course, it will, with oil prices high people will start to question whether it is worth continuing to consume gasoline or better to opt for an electric vehicle (EV) which in turn would cause a demand on the industry which would force EV companies to invest more in EV research. But although it seems very logical the direct super benefit to EVs is not that simple, the world is currently very accustomed to the consumption of fossil fuels that it will take so many years to have the ability to change cars with combustion engines by electric motors, there are currently cities in which it is becoming mandatory to install a charging center capable of supporting the power of an EV in new homes (newly built) and is also in research and prototypes of smart cities which are designed in a world where everything works with renewable energy or mostly. In March 2022, looks like is not so late to start investing in EV companies, it is a sector in which there is much to grow and expand, it would not be a bad idea to consider having a small part of a well-diversified portfolio since we must also not forget the risks of each sector and select solid companies with good ideas and above all in good financial shape. But rising oil prices are not good for the economy, it could look like everything is going to improve and we will develop new technologies and better vehicles however a sharp rise in oil prices will contribute to higher inflation.

This is because transportation costs will rise, leading to higher prices for many goods. This will be cost-driven inflation, which is very different from inflation caused by increased aggregate demand/excessive growth.

From a personal point of view, taking into account what the future seems to point to in terms of the type of vehicle we drive, the price of oil will continue to rise in the near future but in the medium term the price could stagnate and long term the price could even decrease at some point in the future.