Best of the Web: Future of Cars & Oil?

One of our friends uncovered this video and it’s worth watching. It contains one interpretation of facts and one possible future of Electronic Vehicles (EVs) and Internal Combustion Engine (ICE) cars.  The video is based on a rather scholarly work that’s no doubt less entertaining than this video.

We reached out to a member of the tech industry who gave us his response to the video on the condition that his name be withheld. His counterpoints speak for themselves. We’ve listed them below the video.

Interesting.  A couple of flaws with their logic:
  • EV’s take a long time to recharge. For anyone that travels more than 150-200 miles a day this causes a massive problem so these people will not be flocking to EV’s.
  • Lots of people live in areas that still have difficulty plugging-in to recharge.
  • The adoption curve they show is too step.  A car still costs a lot so assuming a super straight up adoption like an MP3 player or cell phone is not realistic.
  • That said, we probably will hit a point where we have an oil glut but I predict it will be slower.
  • Another thing to consider–Self-driving cars and Uber are predicted to make many cars obsolete.
  • In metro centers, people will rely on mass transit to avoid fighting for the increasingly rare parking spots.  Both rideshare and mass transit compete directly with EV’s because of EV range restrictions.

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