Andy Rowell at Oil Change International writes—We are on cusp of “deepest, most consequential disruption of transportation in history”:
“We are on the cusp of the fastest, deepest, most consequential disruption of transportation in history.”
Within ten years, we may witness a radical technological shake up in the way we drive as people switch from petrol and diesel engines to self-drive electric vehicles. [...]
And as people switch in droves to electric, the internal combustion engine could soon be consigned to the history books.
Big Oil and Big Car companies will be in trouble as millions of drivers switch to clean electric vehicles. The tipping point could be only two or three years away.
So says a new report by Stanford University economist, Professor Tony Seba, who labels the coming the new business revolution as “transport-as-a-service” (TaaS).
According to Seba in his report, “Rethinking Transportation”, the “TaaS disruption will have enormous implications across the transportation and oil industries, decimating entire portions of their value chains, causing oil demand and prices to plummet, and destroying trillions of dollars in investor value — but also creating trillions of dollars in new business opportunities, consumer surplus and GDP growth.”
“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,” Prof Seba told the paper.
TOP COMMENTS • HIGH IMPACT STORIES
QUOTATION
“If there is technological advance without social advance, there is, almost automatically, an increase in human misery, in impoverishment.”
~Michael Harrington, The Other America, 1962
TWEET OF THE DAY
BLAST FROM THE PAST
At Daily Kos on this date in 2007—Stepping Up Pressure on Iraq:
The Feingold-Reid amendment, expected to come up tomorrow morning, will be for the Senate what the McGovern amendment was in last week's House vote on the Iraq supplemental—the baseline vote for how committed Democratic senators are to ending this war before the next election.
What's more, as noted in this AP story it:
has the makings of a turning point in the Democratic presidential campaign, obliging Sens. Hillary Rodham Clinton and Barack Obama to take a fresh look at calls for cutting off war funds.
The vote will show the willingness of Clinton and Obama, and all the Democratic Senators, to exercise their most important Congressional power--the power of the purse--to check the executive.
Obama announced today that he will support Feingold-Reid, though in his statement he doesn't address the concept of ending the funding.
On today’s Kagro in the Morning show, Greg Dworkin rounds up the weekend’s top stories and the latest polling. Armando joins in to parse the Comey parsing. Like all “rights,” the “right” to fire the FBI director has limits. Trump’s DOJ abruptly settles a major Russian money laundering case. Hmm!
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