Gas-Powered Cars Will Vanish in 8 Years, Big Oil Will Collapse: Stanford Study
(ANTIMEDIA) In early May, Anti-Media reported on a new study published by a Stanford professor claiming vehicle ownership will drop 80 percent by 2030. That study, as The Telegraph wrote this week, has been making the rounds in environmental circles and in the board rooms of companies with a stake in the fossil fuel game.
But as 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