"Green car automakers have a bright future as the cost of owning an electric car will become equal to fuel powered counterpart by 2022, according to Bloomberg reports."
"Auto industry slightly jolted couple of weeks ago as oil prices dropped to their 13-year low levels below $27. With the drop in oil prices, the fuel guzzling pick-up trucks and large sport utility vehicles (SUVs) can expect a demand boost, while the prospects for electric cars looks murky. Several auto analysts, including Adam Jonas from Morgan Stanley lowered the target price for Tesla Motors Inc. (NASDAQ:TSLA), a pure electric car manufacturer, as there is no indication for oil prices to rebound anytime soon."
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