Skip to comments.All fossil-fuel vehicles will vanish in 8 years
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.
Sebas 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 ...
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 thats shocking the industries
FAKE NEWS Tell Jay Leno
Tony is so educated he’s made himself an idiot.
“...and then the state shall simply FADE away...”
Muh farts are going to power my van!
Only people with college educations would believe this rot.
And the oceans will be anoxic and Caitlin Jenner will be pregnant with octuplets.
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.
Beam me up Scotty!
The stupid hurts...
The Sky is Falling says Chicken Little the Liberal!!
I feel sorry for anyone who wasted their time reading that.
Wow! I knew car theft in this country was getting worse and worse each year, but I didn't know it was this bad!
I see a Nobel Prize in this asshats future.
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.
Professional entrepreneur, advisor, and keynote speaker.
I bet he uses his mouth prettier than a twenty dollar whore.
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.
We were supposed to have flying cars that folded up into a briefcase when we got to work by now if I remember right.
Gosh, I enjoy a good magic act.
Remember when that magician made San Francisco disappear?
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