THE ROAD UP AHEAD: Stanford study says fossil-fueled cars will vanish in 8 years as ‘big oil’ collapses

RIELPOLITIK

Source – business.financialpost.com

“…The cost per mile for EVs will be 6.8 cents, rendering petrol cars obsolete. Insurance costs will fall by 90 per cent. The average American household will save $5,600 per year by making the switch. The US government will lose $50 billion a year in fuel taxes.“Our research and modelling indicate that the $10 trillion annual revenues in the existing vehicle and oil supply chains will shrink dramatically,” Prof Seba said”:

Stanford study says fossil-fueled cars will vanish in 8 years as ‘big oil’ collapses

A new study published by Stanford University suggests that fossil-fueled cars will vanish within eight years – and citizens will have no choice but to invest in electric vehicles or similar technologies. This is because the cost of electric vehicles – including cars, buses, and trucks – will ultimately decrease, resulting in the collapse of the petroleum industry.

Led by Stanford…

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