Gas-Powered Cars Will Vanish in 8 Years, Big Oil Will Collapse: Stanford Study

Gas-Powered Cars Will Vanish in 8 YearsAs more analysts are digging through this exhaustive new study, they’re finding that some of the predictions made by economist Tony Seba are far more profound than originally thought.

In his report, Rethinking Transportation 2020-2030, Seba is actually predicting that virtually all fossil fuel vehicles will have vanished within eight years.

The reason for this, as he explains in thorough detail, is that the market for self-driving electric vehicles (EVs) is simply growing too fast.

“What the cost curve says is that by 2025 all new vehicles will be electric, all new buses, all new cars, all new tractors, all new vans, anything that moves on wheels will be electric, globally,” Professor Seba writes in his report.

It’s a matter of economics and innovation, Seba says. EVs are cheaper and easier to manufacture, their few moving parts require almost zero maintenance, and they can actually outperform their fossil fuel guzzling counterparts.

“The electric drive-train is so much more powerful,” writes Seba. “The gasoline and diesel cars cannot possibly compete.”

The professor says the only thing currently stopping this grand shift to electric is consumer price. Seba says the “tipping point” will come in the next few years when the cost of an EV will be down to around $30,000.

But by 2022, when low-end models are $20,000, the changing tide will be unstoppable.

See also | Trump tells Germany to buy American automobiles, Germany to Trump: ‘Build better cars

In the near future, only nostalgics like car collectors will have a use for the old models, Seba predicts.

It will gradually become harder to find gas stations or mechanics who know the intricacies of the far more complicated machines. Car dealerships will be gone by 2024 because everyone will be shooting around town in self-driving EVs.

Seba expects that eventually, city governments will begin banning human drivers because data will have shown how much more dangerous they are than the computer systems’ operating EVs. This will lead to a “mass stranding of existing vehicles.”

For these reasons, as well myriad others stipulated in Seba’s report, the economist is predicting a twin “death spiral” for traditional automakers and oil companies in the near future.

Find us here

Get news from the CSGLOBE in your inbox each weekday morning

The views and opinions expressed in this article are those of the authors/source and do not necessarily reflect the position of CSGLOBE or its staff.

Paid content

This Man One Ups Tesla By Inventing An Electric Car That Never Needs Charging

The concept of the electric car has been around for a very long time, and as with any other world revolutionizing technology, it’s taken...

Government-Funded ‘Am I Stoned?’ Marijuana App Tells You: You’re Stoned

If you’ve ever wondered how stoned you are, take comfort in the fact that you’re not alone: Government officials are wondering the same thing. With...

The 10 Biggest Dangers Posed By Future Technology

It’s not easy predicting the future of technology. In the fifties it seemed a pretty much foregone conclusion that by 2015 we would all...

What's New Today

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Leaked CDC document contradicts Pence claim that U.S. coronavirus cases ‘have stabilized’

Even as Vice President Mike Pence wrote in a Wall Street Journal op-ed published Tuesday that coronavirus...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...

MOST READ

Complete List of BANKS Owned/Controlled by the Rothschild Family

What’s the significance of having a central bank within a country and why should you concern yourself, your family and colleagues? Central banks are illegally...

Putin has Banned Rothschild and His New World Order Banking Cartel Family from Entering Russian Territory

As of recently, Russian president Vladimir Putin took yet another decision for his country. "Under any circumstances", the Rothschild family is banned from entering Russian territory. Along...

What Is Agenda 21? Depopulation of 95% of the World By 2030

Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95%...

This Man One Ups Tesla By Inventing An Electric Car That Never Needs Charging

The concept of the electric car has been around for a very long time, and as with any other world revolutionizing technology, it’s taken...

First Solar Energy Boat to Circumnavigate the Globe On Its Way

As time passes, man is starting to focus more and more on using Earth's natural resources to his advantage. Among them, solar energy and the...

Paper-thin printed solar cells could provide power for 1.3 billion people

Printed solar cells hold promise for unlit rural areas The cost of solar power has declined dramatically over the past few decades, from $40 per...

Living materials created by MIT, mimicking natural systems

Living materials created by MIT scientists can sense and respond to surrounding Living materials, created by MIT researchers are able to sense stimuli and react...

Snowden Smashes the Police State in Most Epic Rant Ever, ‘Terrorists Don’t Take Our Rights, Govt Does’

Whistleblower Edward Snowden does not mince words, and his ardent assessment of our perpetually-dwindling rights in the United States and around the world —...

How Our Family Unplugged From The Matrix & Went Off-Grid

So what exactly changes when you up and walk away from the only way of living you’ve ever known? When your 4 bedroom 2 bathroom...

Native Americans Can Now Grow And Sell Marijuana Without Fear Of Legal Penalty

The US Department Of Justice announced in a recent memo that the US government will no longer prosecute Native American Tribes for the possession...

Electricity Prices Fall into Negatives as Germany’s Renewable Energy Boom Occurs

Since 2015, Germany has produced too much energy from renewable sources, selling the excesses to its neighboring countries at a much cheaper price. Taking a...