Green Car Reports is saying that 2040 seems to be the magical number when all things become electric
A working paper from the International Monetary Fund, titled “Riding the Energy Transition: Oil Beyond 2040," suggests that under an optimistic scenario, plug-in electric vehicles could reach as much as 90 percent of production by 2040.
The summary pretty much says it all:
The return of the electric car and its adoption, like that of the motor vehicle in place of horses in early 20th century, could cut oil consumption substantially in the coming decades.
READ THIS: Norway's Goal: All New Cars Will Be Emission-Free By 2025 To Cut Carbon (Nov 2015)
Our analysis suggests that oil as the main fuel for transportation could have a much shorter life span left than commonly assumed. In the fast adoption scenario, oil prices could converge to the level of coal prices, about $15 per barrel in 2015 prices by the early 2040s.
In this possible future, oil could become the new coal.
I wonder how many people way back when said there would never be that many cars on the roads in 25 years...technology can change quickly