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All fossil-fuel vehicles will vanish in 8 years
Financial Post ^ | 16 May 2017 | Ambrose Evans-Pritchard

Posted on 05/19/2017 6:18:20 PM PDT by Lorianne

No more petrol or diesel cars, buses, or trucks will be sold anywhere in the world within eight years. The entire market for land transport will switch to electrification, leading to a collapse of oil prices and the demise of the petroleum industry as we have known it for a century.

This is the futuristic forecast by Stanford University economist Tony Seba. His report, with the deceptively bland title Rethinking Transportation 2020-2030, has gone viral in green circles and is causing spasms of anxiety in the established industries.

Seba’s premise is that people will stop driving altogether. They will switch en masse to self-drive electric vehicles (EVs) that are ten times cheaper to run than fossil-based cars, with a near-zero marginal cost of fuel and an expected lifespan of 1 million miles.

Only nostalgics will cling to the old habit of car ownership. The rest will adapt to vehicles on demand. It will become harder to find a petrol station, spares, or anybody to fix the 2,000 moving parts that bedevil the internal combustion engine. Dealers will disappear by 2024.

Cities will ban human drivers once the data confirms how dangerous they can be behind a wheel. This will spread to suburbs, and then beyond. There will be a “mass stranding of existing vehicles”. The value of second-hard cars will plunge. You will have to pay to dispose of your old vehicle.

It is a twin “death spiral” for big oil and big autos, with ugly implications for some big companies on the London Stock Exchange unless they adapt in time.

(Excerpt) Read more at financialpost.com ...


TOPICS: Business/Economy; Travel
KEYWORDS: automotive; cars; climatechange; climatechangehoax; doomsdaycult; electricity; energy; envirowackos; fakenews; foryourowngood; freedomofmovement; gasoline; globalists; globalwarming; globalwarminghoax; lol; luddites; marxism; newagereligion; oldtimereligion; prophecy; seba; tonyseba
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Wonder what is going to create all this electricity?

Full title of article: All fossil-fuel vehicles will vanish in 8 years in twin ‘death spiral’ for big oil and big autos, says study that’s shocking the industries

1 posted on 05/19/2017 6:18:20 PM PDT by Lorianne
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To: Lorianne

FAKE NEWS Tell Jay Leno


2 posted on 05/19/2017 6:19:07 PM PDT by al baby (Hi Mom Its a Joke friends)
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To: Lorianne

Tony is so educated he’s made himself an idiot.


3 posted on 05/19/2017 6:19:26 PM PDT by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: Lorianne

“...and then the state shall simply FADE away...”

Uh-huh.


4 posted on 05/19/2017 6:19:35 PM PDT by gaijin
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To: Lorianne
Guess I better stock up on beans and beer then.

Muh farts are going to power my van!

5 posted on 05/19/2017 6:20:40 PM PDT by Extremely Extreme Extremist (Man-made global liberalism is killing the planet)
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To: Lorianne

Only people with college educations would believe this rot.


6 posted on 05/19/2017 6:20:42 PM PDT by Seruzawa (FABOL)
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No.


7 posted on 05/19/2017 6:21:38 PM PDT by Rio (Proud resident of the State of Jefferson)
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To: Lorianne

And the oceans will be anoxic and Caitlin Jenner will be pregnant with octuplets.


8 posted on 05/19/2017 6:23:05 PM PDT by Rastus
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To: Lorianne

I wouldn’t be surprised if Mr. Seba is gay. I’m not saying that he is, just that his claim here does fit that profile.


9 posted on 05/19/2017 6:24:50 PM PDT by BobL (In Honor of the NeverTrumpers, I declare myself as FR's first 'Imitation NeverTrumper')
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To: Lorianne

Beam me up Scotty!


10 posted on 05/19/2017 6:24:55 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Lorianne

The stupid hurts...


11 posted on 05/19/2017 6:24:59 PM PDT by caver (Trump: Home of the Winner)
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To: Rastus; flat; unkus; vette6387

The Sky is Falling says Chicken Little the Liberal!!


12 posted on 05/19/2017 6:24:59 PM PDT by ExTexasRedhead
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To: Lorianne

I feel sorry for anyone who wasted their time reading that.


13 posted on 05/19/2017 6:25:22 PM PDT by Shadow44
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To: Lorianne
All fossil-fuel vehicles will vanish in 8 years

Wow! I knew car theft in this country was getting worse and worse each year, but I didn't know it was this bad!

14 posted on 05/19/2017 6:25:24 PM PDT by GreenHornet
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To: Lorianne

I see a Nobel Prize in this asshats future.


15 posted on 05/19/2017 6:26:40 PM PDT by outofsalt ( If history teaches us anything it's that history rarely teaches us anything)
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To: Lorianne
"Only nostalgics will cling to the old habit of car ownership. The rest will adapt to vehicles on demand."

That electric cars will take a huge cut of the vehicle market, I can believe. That the above quote will happen...Not so much. As in, not buying it for one lousy second.

16 posted on 05/19/2017 6:27:11 PM PDT by Wyrd bi ful ard (Flag burners can go screw -- I'm mighty PROUD of that ragged old flag)
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To: Lorianne

Professional entrepreneur, advisor, and keynote speaker.

I bet he uses his mouth prettier than a twenty dollar whore.


17 posted on 05/19/2017 6:28:44 PM PDT by Delta 21
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To: Lorianne

I just walked in from a week spent in far West Texas and it will be interesting to see how folks cover that country, much less live there, in an electric vehicle.


18 posted on 05/19/2017 6:28:52 PM PDT by yetidog
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To: Lorianne

We were supposed to have flying cars that folded up into a briefcase when we got to work by now if I remember right.

19 posted on 05/19/2017 6:29:35 PM PDT by Snickering Hound
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To: Lorianne

Gosh, I enjoy a good magic act.

Remember when that magician made San Francisco disappear?


20 posted on 05/19/2017 6:30:10 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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