Could the end of the internal combustion engine come in the next 8 years? Stanford University economist Tony Seba believes so, and even if the views expressed in this fascinating article are ‘optimistic’, it is likely that the oil age is, sooner or later, drawing to a close.
“Cities will ban human drivers once the data confirms how dangerous they can be behind a wheel. This will spread to suburbs, and then beyond. There will be a mass stranding of existing vehicles. The value of second-hard cars will plunge. You will have to pay to dispose of your old vehicle…the next generation of cars will be computers on wheels.”
Hopefully our government and industry stays ahead of this curve, because devoting so many of our country’s resources to extracting a dirty fuel that nobody wants doesn’t appear to make good economic sense.