According to study, the future of transportation will belong to electric cars and self-driving automobiles. And the future may come sooner than we think. Stanford University’s recent study suggests that cars driven by petrol as well as buses and trucks will be sent off the roads in the next eight years.
As technology develops, the electric vehicle will be more affordable and efficient, they run longer, about four hundred kilometers on one charged battery. In relation, car dealers and gas stations are likely to be gone by 2024 explains Stanford economist Tony Seba’s research analysis.
The move to e-vehicles and auto mode of transportation is being influenced by costs and technology. Seba’s study dictates that cars with internal combustion engine will enter a mean cycle of rising costs. By the year 2025, it is projected that all the latest automobiles whether it be bus, cars, vans or even tractors will be electric and of the global outcome.
The study entitled Rethinking Transportation 2020-2030 foresees a reformation in the way we move and transport things. Oil costs are expected to slide further after 2020 as per the study. In the long run, it may reach $25 per barrel following the effects of e-vehicles and self-driving automobiles.
These new forms of transport will be more efficient and dependable which can run from five hundred thousand to a million miles in their lifetimes. The economist states that the public will stop driving altogether and those with cars running with gas will have a hard time selling them.
The tipping point comes when electric vehicles become cheaper and their batteries last longer than two hundred miles.
Vehicle cost will fall to twenty thousand dollars, making it very inexpensive for more people. The report states that the oil used for transportation will decline from eight million barrels per day to just one million. This can entirely lead to a ninety percent decline in financial costs, eighty percent decline in the maintenance price, ninety percent decline in insurance price and seventy percent decline in oil price.
Many countries see this change coming. A few weeks ago, UAE’s Ministry of Energy presented a program to inspire car drivers to use e-vehicles. By the year 2020, the government plans to have shift twenty percent of their vehicles to electric.
Elon Musk, the founder of Tesla motors made a deal with Dubai’s Roads & Authority Transport for two hundred electric cars while the company makes a huge presence with its green vehicles.
Dubai has started the Smart Autonomous Mobility Strategy, making 25 percent of the rides autonomous by 2030. The strategy includes having government agencies buy 10 percent hybrid or e-vehicles.
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