Although Electric Autos - Tesla- are expensive (relatively) they require minimal electric power to operate; whereas gas run autos though relatively less expensive require gasoline to operate. Since the gas prices have increased more than 100%; consumers are finding it difficult to cope with the increased prices.
Can Tesla take over the auto industry if the prices come down? What could be the legal issues? What type of risks are involved ?
What type of policies the insurance companies will develop? Post your opinion.