Semi-serious stock related shower thought. Imagine we make a convincing transition from ICE cars (internal combustion engine), to EV's (electric vehicles). If this happens, wouldn't the amount of money spent on gasoline drop precipitously, and a certain percentage of all that money ends up in the hands of local electric utilities? Maybe solar powered roofs and batteries for collecting solar could benefit too. But I'd think that electric utilities are going to get the lions share of all that revenue that used to pay for gas.
Could you potentially look for publicly traded utilities that have monopolies on providing electricity to high EV adoption regions of the country? For example, PG & E in California has been under tremendous pressure from lawsuits that go back to the Paradise fire where people died. They almost went bankrupt. But aren't they basically the sole electricity provider for the Bay Area?
NOTE: I'm joking about the shorting Chevron part. My point isn't that we should short oil stocks. I'm talking more specifically about gas stations. I'm talking about the average American family that spent X amount of dollars on gas every year. Some of these average American families are going to eventually spend ZERO on gas every year. It's definitely going to take some time, so there's no rush. This isn't going to happen in 5 or 10 years. More like 20 years. So, it would be an extremely longterm play.
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