Stanford study says fossil-fueled cars will vanish in 8 years as big oil collapses

It might seem as if the world is resisting “going green,” but a new study published by Stanford University suggests that within eight years, citizens will have no choice but to invest in electric vehicles or similar technologies. This is because the cost of electric vehicles – including cars, buses, and trucks – will ultimately decrease, resulting in the collapse of the petroleum industry.

 

Led by Stanford University economist Tony Seba, the report has caused in spasms of anxiety…

from Inhabitat – Green Design, Innovation, Architecture, Green BuildingInhabitat – Green Design, Innovation, Architecture, Green Building http://inhabitat.com/stanford-study-says-fossil-fueled-cars-will-vanish-in-8-years-as-big-oil-collapses
via Inhabitat

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