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I'm not so sure about the increase in ICE in developing countries over the next 10 yrs. If you look at telecom for instance, many developing country's citizens went from no phone to cell pretty much overnight. Largely due to lack of copper/fibre infrustructure, but also the low cost. Over the next 10 yrs ICE will be more expensive to purchase, operate and maintain vs. AFV. With biofuel now being tested in jet planes and alge farms experimenting creating fuel (or fuel boosters ie. ethanol), cride oil will see a decreasing market. (IMO)
Driving the SUV today I paid $3.50 for regular. It's creeping back up.
By the way, they have removed all the clips that allow you to walk away from a filling gas nozzle. Another win for EVs!
I'm not so sure about the increase in ICE in developing countries over the next 10 yrs. If you look at telecom for instance, many developing country's citizens went from no phone to cell pretty much overnight. Largely due to lack of copper/fibre infrustructure, but also the low cost. Over the next 10 yrs ICE will be more expensive to purchase, operate and maintain vs. AFV. With biofuel now being tested in jet planes and alge farms experimenting creating fuel (or fuel boosters ie. ethanol), cride oil will see a decreasing market. (IMO)
Chu says electric cars can be "competitive" with gas vehicles in five years
Heck, all that would take is the purported tripling of gas prices.