Title: 📗 How Tesla Motors is Changing the Economy | SpeedyPaper.com
Headings: How Tesla Motors is Changing the Economy
How Tesla Motors is Changing the Economy
Request Removal

Content: This is fueled by the need to increase the functionality and efficiency of fossil-fueled vehicles. The heightened demand is from the automobile companies that aims at increasing their competitive edge against the newly innovated electric vehicles. They do this by investing in new electronics, networks, computers and a range of sensors which are fitted to these vehicles as opposed to mechanical parts. This way fossil-fueled vehicle owners may, to a certain level, enjoy the same utility offered by electric vehicles manufactured by Tesla Motors. This has boosted the auto industry which is one of the major industrial boosters of the economy of the United States. Oil and Gas Industry
The oil and gas industry is one of the major drivers of the U.S. economy. Experts in the industry are convinced of the strong correlation between the economy of the nation and the oil and gas industry (Fawcett). Research by the American Petroleum industry indicated that each job within the oil and gas industry supports roughly 2.7 jobs elsewhere in the economy. The manufacture of electric vehicles negatively impacts the oil industry. For several years, there has been an inter-industry competition8 between the oil electric-car battery industry and the oil and gas industry.