The landscape on the roads is set to change in a big way over the next 8 years, as experts now believe that there will be no petrol or diesel sold anywhere in the world by 2025. It seems that the entire market is going to make a move over to electric, which will enviably lead to a collapse in the petroleum industry, which has long been one of the most profitable and robust markets for many years.
The prediction has come straight out of Stanford University. Economist Professor, Tony Seba, detailed his predictions in a report he titled ‘Rethinking Transportation 2020-2030’. The report has since flooded social media and been picked up by car industry professionals who have seemingly acknowledged his findings to be very much probable.
In his report, he surmises that people will stop driving altogether and switch to self-drive electric vehicles that are ten times cheaper to run than fossil based vehicles and have a far longer lifespan. Seba suggests that the new wave of electric vehicles (EVs) will have an expected lifespan of 1,000,000 miles. He concluded that the only obstacle these developments would have to overcome is the nostalgia from motorists who would prefer to drive a traditional vehicle.
Tesla’s range of electric vehicles has really set the bar, producing super power performance at just one tenth of the running cost. It would seem that their stronghold on the market is only going to get more competitive in the upcoming years, which will breed a new wave of choice for those who are keen to make the move to electric. For some prestige brand loyalists, it will be a long-awaited move to see their favourite brands establish themselves on the market and offer an alternative to the Tesla.
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