The Peak Oil Myth and the Rise of the Electric Car
Posted by Big Gav in electric vehicles, peak oil
Bloomberg has a report on the rise of the electric car and the coming decline in demand for oil - The Peak Oil Myth and the Rise of the Electric Car.
There are more than one billion cars on the road worldwide today, and only one tenth of one percent of them have a plug. OPEC contends that even in the year 2040, EVs will make up just one percent. But don't be so sure. By 2020, some electric cars and SUVs will be faster, safer, cheaper, and more convenient than their gasoline counterparts. What if people just stop buying oil?
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