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 ...
Pinhead idiots.
Electric cars? Total nonsense.
Yes, cars are far too complex. And it is unnecessary.
Like Driver-less cars? Can you imagine trying to go to an address in Dallas or Houston using a trip computer and actually get there?
If these guys are so smart why are they still in school?
Or as Jerry Clower, the great sage of the south, would say ;"He has been educated beyond his intelligence".
Autos powered by fossil fuels have already vanished; they’re powered by abiotic hydrocarbons.
Ha ha ha, sure everybody going to park their fuel guzzling vehicle and buy $70,000 electric cars.
Ever see how a electric car operates in cold weather? It doesn’t for long.
Good piece of fake news writer most be attempting to get one of those prized jobs at the prestige fake news CNN.
So India, China, and Mexico can enjoy gas burning cars.
Seriously, why are the nations that are ramping UP personal car ownership NOT leading the pack with “new technologies” using alternative fuels?
I’m tired of Marxists demanding that Americans must do without and strive for third world status.
SURE
http://www.ratemyprofessors.com/ShowRatings.jsp?tid=1723545
Rate my Professor:
Tony Seba
Overall Quality >> 2.0
Rating: 05/14/2012 >> poor
Comments:
Very slow lecturer. Condescending and unhelpful when questions are asked. Course materials are way to vague to be helpful. I joined because I’m in high tech marketing, which was the focus of the course. Unfortunately, it was more full of cliches than practical advice.
Gotta pass that own
I’m still miffed that we didn’t all get jet-packs like we were promised when we were kids.
Thx. bbb
“All fossil-fuel vehicles will vanish in 8 years”
One time I parked in a “tow-away zone”.
I came back an hour later,
The whole area was gone.
It’s about time, since we ran out of Oil 30 years ago.
And another INSANE lib heard from......
And we’re to co-exist with these morons?????
The author has a fairly decent record for his predictions.
Another dilligaf.
I’ll rejet the bikes to handle pure grain if you punt on oil.
Making ester for lubrication ain’t rocket science either.
With a supercharger, you can burn any liquid fuel.
I wonder how Californians react of having no fossil fuel cars
“Ha ha ha, sure everybody going to park their fuel guzzling vehicle and buy $70,000 electric cars.’
Just try taking my 57 Chevy Bel Air or 67 Camaro from my cold dead hands!!
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