The US and most developed countries are highly urbanized. The US is 82% urban, most of Europe about 80%, China was 57% in 2016 and increasing every year. [1] T

The US and most developed countries are highly urbanized. The US is 82% urban, most of Europe about 80%, China was 57% in 2016 and increasing every year. [1] Together, these countries account for over half of the world's oil demand and the urban parts account for most of it. [2] The impact on urban areas alone would be sufficient to disrupt the whole industry. The disruption will unlikely to be as drastic as what happened to Kodak and Nokia since most people cannot afford to change cars as quickly and changing modes of transportation especially conditioned on self-driving vehicles reaching broad acceptance might take some time. Your point regarding rural areas may be applicable to several developing countries. The author's key points remain valid, although the timeline looks too optimistic. [1] http://data.worldbank.org/indicator/SP.URB.TOTL.IN.ZS?year_high_desc=true http://data.worldbank.org/indicator/SP.URB.TOTL.IN.ZS?year_h... [2] https://en.wikipedia.org/wiki/List_of_countries_by_oil_consumption https://en.wikipedia.org/wiki/List_of_countries_by_oil_consu...