ELK 0.00% 1.4¢ elk petroleum limited

That's all up in the air I believe. Sure development of cars and...

  1. 163 Posts.
    lightbulb Created with Sketch. 3
    That's all up in the air I believe. Sure development of cars and battery changeing is going forwards in leaps and bounds but Australia is a long distance country. 200miles is still 180km (110 miles) short of a 500km tank of gas that current cars have been doing on 50 litres for yrs, the distance on fuel economic cars is also far greater with some diesels like a vw getting over 1000km (600 miles) on a tank.

    A road trip between Melb- Syd is what 900km (540 miles), who's going to stop three times on that trip as well as wait for a docking station to start a recharge.

    It's all good in theory, but I just can't see I my lifetime a enormous amount of service stations converting to electric battery rechargers.

    Oil will be around as the principle energy source for vehicles for yrs.
 
watchlist Created with Sketch. Add ELK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.