Electric Cars: The Question of When
The world is running out of oil. Not as quickly as we had once imagined, but the fact that fossil fuel will be depleted is a fact. With this in mind the question is not whether the electric car will become the standard, it is when.
Electric vehicles are innovative in the sense that they replace fossil fuel with an infinitely renewable resource. The demand for electric cars is not only being driven by its own merit. Demand for oil could shrink by 4 million barrels by as early as 2025! Oil demand is clearly on an overall decline given the constant notion that we would run out of it. This is evident in the mindset shift of the average consumer. For example, ten years ago it was fashionable to drive a Hummer, in this day and age you just look extremely unreasonable.
Given all of the facts, the innovators in the auto industry are pushing towards an electric future. The geniuses that constructed the cars you see on the road today are steadily doing away with the outdated technology ran by fossil fuel for an effectively cleaner and more intuitive way of powering transportation. For example, General Motors has plans to produce 20 new electric models by 2023. The majority of Chinese manufacturers plan to do away with internal combustion engines by 2030!
Politics will slow this transition down, but they won’t be able to stop it. The power of electricity is the future of the automotive industry.