Stanford Study Predicts Gas-Powered Cars Will Vanish In 8 Years & Big Oil Will Collapse…

Stanford Study Says Gas-Powered Cars Will Vanish In 8 Years & Big Oil Will Collapse...

In early May, Anti-Media reported on a new study published by a Stanford professor claiming vehicle ownership will drop 80 percent by 2030. That study, as The Telegraph wrote this week, has been making the rounds in environmental circles and in the board rooms of companies with a stake in the fossil fuel game.

But as more analysts are digging through this exhaustive new study, they’re finding that some of the predictions made by economist Tony Seba are far more profound than originally thought. In his report, Rethinking Transportation 2020-2030, Seba is actually predicting that virtually all fossil fuel vehicles will have vanished within eight years.

The reason for this, as he explains in thorough detail, is that the market for self-driving electric vehicles (EVs) is simply growing too fast.



“What the cost curve says is that by 2025 all new vehicles will be electric, all new buses, all new cars, all new tractors, all new vans, anything that moves on wheels will be electric, globally,” Professor Seba writes in his report.

It’s a matter of economics and innovation, Seba says. EVs are cheaper and easier to manufacture, their few moving parts require almost zero maintenance, and they can actually outperform their fossil fuel guzzling counterparts.

“The electric drive-train is so much more powerful,” writes Seba. “The gasoline and diesel cars cannot possibly compete.”

The professor says the only thing currently stopping this grand shift to electric is consumer price. Seba says the “tipping point” will come in the next few years when the cost of an EV will be down to around $30,000. But by 2022, when low-end models are $20,000, the changing tide will be unstoppable.

In the near future, only nostalgics like car collectors will have a use for the old models, Seba predicts. It will gradually become harder to find gas stations or mechanics who know the intricacies of the far more complicated machines. Car dealerships will be gone by 2024 because everyone will be shooting around town in self-driving EVs.

Seba expects that eventually, city governments will begin banning human drivers because data will have shown how much more dangerous they are than the computer systems’ operating EVs. This will lead to a “mass stranding of existing vehicles.”

For these reasons, as well myriad others stipulated in Seba’s report, the economist is predicting a twin “death spiral” for traditional automakers and oil companies in the near future (via AntiMedia).

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(75) comments

Fingers crossed! 🙂

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I have already produced my self driving version on a 3D printer and will be generating my own electricty just as soon as I can from lemons grown on my own tree…

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Not gonna happen

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Same people predicted we would run out of oil by the end of the 1980’s.

What will actually happen is oil cartels like OPEC will dissolve as every producer rushes to get rid of their stocks and the world will be flooded by a glut of VERY cheap oil. Until the remaining solvent oil companies snap up all their competitors at bargain basement prices, grabbed Billions of dollars of land and assets and then morphing into miners and suppliers of other natural resources.

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I will continue to pray for this and do everything in my power to support!!!

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Is that a bad thing? And I do think the domestic demand for oil in some form will go on for much longer. No collapse. Auto mfg’s can adapt to a new power plant and may or may not produce it themselves. More greedy people fighting change for the better.

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yes, we will have nuclear power everywhere, or we can cut down all the trees to make solar farms that operate 30% of the time

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    It is impossible to contain radiation for ever as anything that tries to contain it crumbles, usually exposing highly toxic material that only looses its destructive power in a couple of hundred thousand years. Nuclear is for suicidal bonkers, this is the truth.

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    and batteries are not toxic? I’d like to see some environmentalist drink some varieties of battery acid

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In your dreams!

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No way, not in the usa

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Wonder how this will sit on the Anti Green pages I know of ( roflmao)

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Our land mass in this country is so vast that many will still have vehicle’s. Maybe not in big cities but in outer areas people need transport for distance driving.

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    People in the past could do withouth cars . We should adept our livestyle .

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    There is solar. Mercedes has a solar powered semi-truck cab. They have had solar powered cars since th

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    Jo Dritty seriously? That’s your comment? I think you’ll find the world to be a vastly different place now than before cars.

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    Helen J Moore one solar panel you see on a roof top can provide a maximum of 250 watt. A typical car has an engine that puts out 100,000 watts so you’d need 400 solar panels to power a car. Sure you could probably get by with just 100 panels, but how big is a car roof? No, you need recharging stations or battery swap or fuel cell reactant draining and filling stations.

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This would be good overall, but what about classic car enthusiasts and motorcyclists? Would they be left high and dry?

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    I thinks it is time for the kids to grow up.

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    I will never give up on the classic. My kids will I’m sure. And no I will never drive an E.V. Car unless I have to especially not a car I can not control ??

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YES, it will happen. We don’t have to fight big oil. It will just shrivel up and become obsolete. New EVs are coming out with 300 mile ranges. The gasoline engine is dead. I’m close to getting my first EV and it will change transportation forever.

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    And how will people do cross-country/long range trips with a 300 mile range?

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    Wake up and read the news. By a 5-minute recharging.

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    Robert Short Charging does not take that long. Here in Japan all the highway rest stops have EV charge stations and it takes 30 minutes to charge the car, so people who own them stop and put their car in the charger and go eat at the restaurant there. In 10 years I can see the charge time being brought down drastically.

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Wonder what kind of shit he’s doing?

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My next car will be electric probably anyway. Or at least hybrid.

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I think it will take longer.

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Not sure if possible and how all the power will be produced. But let’s see what happens 😉

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We can’t afford them,so not that soon!.

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Sure for millionaires. Normals will be using gas for a while.

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Lithium is finite, and hard to get.

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Big oil isn’t just for cars. They use it for literally thousands of things besides fuel. So it won’t collapse.

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BP invested more than 2 billion dollars in alternative energy last year alone, its not like they are shocked or don’t know which way its going. Germany have banned the production of diesel and petrol cars as off 2035, and plan to lower their CO2 by 98% by then. Ecosnippets are FAR behind all the time…

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Come on, we are so politically entangled with Middle Eastern countries, especially Saudi Arabia, that this is highly unlikely. We spend a lot of military money protecting our oil interests in that area. And we have done so at least going back to the early ’70’s during the “oil shortage” fiasco. We are a country full of SUV’s that need gasoline. When you have retirees that live in Florida with boutique SUV’s you know that the country is handcuffed by our oil interests. I own a weekend warrior muscle car and though I would welcome the technology, but all of this technology could be brought to the forefront today, and probably could have began 10 years ago. It has not been marketed because it would not be cost effective. Car companies would have to sell a lot of alternative vehicles to make a profit. Unless there is no alternative for us, eight years is a stretch. It is more like 20 years.

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Cool idea but Stanford needde

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Americans won’t give up having control of the wheel

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Where will all the electricity to power all the EV’s magically appear from? More nuclear or coal power plants? ?

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Hope so …..

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Never gonna happen!

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Let’s hope so.

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I don’t think Big Oil will collapse as most, if not all. are investing in alternative energy sources. They’ll just take over that industry and keep us captive. But I’m ready for a change!

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Not a moment too soon either.

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I certainly hope they are right.

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Probably true, but not for the reasons they imagine. There will be no more profitable oil to drill in 8 years. Also, does the study realistically address where we are going to get all the new generating capacity to power millions of electric vehicles? Renewables will never provide the power needed.

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Unless they start giving electric cars away for free, it’s not going to happen. People are still driving cars that are 30+ years old because that is all they can afford

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Well, here in the UK we were taught at school that in 25 years time the oil worldwide would run out…… The only problem with that is we were told this 45 years ago.

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And then you woke up.

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’bout time.

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Lol. No way. You guys can strive for this in the big cities and that’s fine. But petroleum will live on for a very long time in the rest country. And please don’t try to shove it down our throats just because it’s what you want.

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Oil companies won’t let this happen

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What do I think? I think the Stanford professor ought to get out more. To the places where the buses don’t run, and the trains are never seen.

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    I have seen a similar argument solely based on economics: soon (next couple of years) electric cars will be cheaper than gas powered cars, they will also be able to go hundreds of miles on a single charge. They also have less maintenance fees and last longer. And cost less to fuel, and environmentally friendly. Who would buy a gas powered car in such a scenario? Which government would allow them to be sold? Then the self-driving ones will eliminate accidents . . .

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    who will be able to afford them Steven R Scott It is the 8 years claim that I find ridiculous and fantasist.

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    Fiona Bladon The price is falling and falling: they will be the cheapest cars: it will the gas cars people cannot afford. They are actually cheaper to make: the main cost is the battery, and it is the price and quality of the batteries that is dropping drastically. True, there will still be old cars on the road and they will not be completely gone, but as carbon taxes rise and lower maintenance costs will entice many to switch rather than pay out for repairs and gas.

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    But within 8 years, gas powered cars will still be on the road. People (around here) keep vehicles 10-15 years.

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Failing petrochemical industry. Sad.

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they have been saying that crap since the 70’s.

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I would love it, but thats a dream.

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And pigs will fly!

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And he’s an absolute idiot. There is NO WAY this big oil will be gone in 8 years? Why because while consumer cars may migrate towards electric, big machines that are used in excavation and construction will continue to run on petro…

Also, what’s this about everyone changing preference to ride sharing? I don’t think so, there are too many people who don’t live in the city that rely on owning their own cars. Maybe in the big cities this MIGHT happen, but he’s wrong.

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The Ego Tragics will still drive a v8, with an easy rider rifle rack, high on alcohol and be sacrificed in some war somewhere for no gain except for the corporations.

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guess who owns “big lithium”, big Hydrogen, and big alternate power supply technology..? lol big oil of course dummies…

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so next they gona work really hard to slave us on something else..

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To predict that people will be banned from driving cars, because they are a danger compared to self-driving cars is outright insane! And people will be needing vehicles to get from place to place. To think that everybody would go back to mass-transportation is just not going to happen!

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Never happen. Too many people can’t afford even the $20,000 price!

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Ha, ha . Are these electric cars going to run on moonbeams?

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Fisher-Price is going to make full sized cars?

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Will happen sometime. One big hurdle is the grid required to shuffle power around. The tree huggers who want electric cars will be out protesting every time they run a power line. Fun said, reversing power in a humungus grid will be an issue to avoid firing up coal plants.

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