Specialists have revealed a new analysis that suggests how doomed is the gasoline engine for the automotive industry. It seems like the gasoline engine is the “horse” of the new century, a bit too old and outdated, but still a method to ride to the place you need.
Along with a spate of recent commitments to electric vehicles by governments and car companies, the study offers hope about the prospects for weaning the transportation sector off carbon. Of more than one billion registered vehicles on the road today, only two million are electric (with one million of those in China). But if car companies, catch on as fast as the researchers project, it could reduce oil use by 21 million barrels a day and cut CO2 emissions 3.2 billion tons a year — equivalent to 60 percent of total U.S. emissions today.
Other studies project a slower rollout, although newer ones tend be more aggressive. Bloomberg New Energy Finance recently bumped up its estimate of the EV market share in 2040 from 35 per cent of all new car sales to. RethinkX, an independent think tank, is even more bullish, saying most U.S. vehicles will be electric by 2030 —just 13 years from now.