But nobody can predict when it will happen because there many unknowns such as new and advancing technology, govt subsidies and carbon taxes, future price increases of fossil fuels.
Seven Reasons the Internal Combustion Engine is a Dead Man Walking
I doubt Exxon agrees that electric cars will replace the internal combustion engine.
I can give you many reasons why electric cars will not “replace” ICE vehicles:
1) Weather. In Arizona car batteries need to be replaced about every year because they literally cook. In colder states the charge does not last as long and Lord help you if you are running a heater or air conditioner while driving over hills.
2) Range. This is self explanatory and the issue will not go away.
3) Power. There is no working battery powered equivalent of an F150 towing a trailer.
4. Electrical infrastructure. The US power grid is unable to handle the power requirements of charging all of the electric cars if even 1/2 of the fleet was electric. It’s not just a matter of energy production, it is a matter of electrical transmission.
But if you believe everything you read on the internet, such as your article, here’s one you might find interesting: http://satireworld.com/us-news-headlines/201305090532/500-lb-bigfoot-baby-spots-elvis-in-ufo/