The oil industry hates electric cars for good reasons. Intelligent executives in the industry (of which there seem few) see electric vehicles (EVs) as a death threat to their business. Thus, they have fought aggressively to end tax credits that encourage consumers to buy EVs. To a large extent, their lobbyists have succeeded. However, EV manufacturers have now been given a regulatory lifeline. Last week, Financial Times reported that Fiat Chrysler Automobiles (FCA) has agreed to pay Tesla hundreds of millions. The payment will allow FCA to pool…
