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>Look around the street corner and count the number of vehicles that rely on traditional energy source (gas, diesel) as opposed to the vehicles that require oth
by woodandsteel 8y ago
>Look around the street corner and count the number of vehicles that rely on traditional energy source (gas, diesel) as opposed to the vehicles that require other form of energy (electric). The ratio is probably 100:1
The experts say that around 2012-2025 EV's are going to become cheaper than ICE's, and the market is going to shift radically. The oil companies are looking to the future.
- woodandsteel 8y agooops, that should be 2023-2025
- AngeloAnolin 8y agoYes, I do agree that the shift will happen soon. Radical? Maybe, depends on the technology and progress made towards it. But you can never discount as well that vehicle manufacturers are also researching / innovating on ways to make their ICE's more efficient. Again, you cannot simply throw away the investments that car manufacturers have thrown into making their gas (or diesel) dependent vehicles.
- tonyedgecombe 8y agoAgain, you cannot simply throw away the investments that car manufacturers have thrown into making their gas (or diesel) dependent vehicles. The market could do exactly that, just as it decided to throw away investments in film cameras, vacuum tubes, CRT monitors, steam engines, etc.