No new petrol or diesel motor vehicles, buses, or trucks will be sold anywhere in the world in the next 8 years.
The entire region will move to transport electric vehicles, resulting in a severe decline in oil prices, leading to the destruction of the petroleum industry.
At the same time, the price of crude oil will be reduced by less than $ 25 a barrel in order to adopt this modern industrial revolution. Petrol stations will be difficult to find and people will prefer to travel on rented cars than on their own.
Automobiles will basically become “Runaway Computers“
Rapidly changing trends are posing a threat to the survival of automobile manufacturing companies as they now have to focus on developing electric vehicles as compared to this traditional way.
Professor Sheba’s report has led to severe anxiety among international automotive companies and oil-producing countries.
In this way, the oil-producing Arab countries will again plunge into the darkness of poverty as they did until the 1950s; sadly they have failed to take lessons from history. Instead of building a strong knowledge-based economy like Korea, Finland, and other countries, they have spent all their wealth buying luxury fashion stuff or luxury weapons.
One of the most important breakthroughs in this race is the new type of battery Technology Blog, which allows vehicles to drive long distances and does not have to charge the battery repeatedly.
One of the major developments last week was that the batteries can now be charged in two minutes. This is done by immediately replacing the electrolyte inside the battery. That is, instead of the next petrol station, a battery station will be set up where instead of pouring petrol you will change the water of the battery, they are called ‘flow batteries’. And this method has been invented by a professor of video at university. Batteries comprise about 40% of the cost of electric motors, so the emphasis is now on producing lower cost and more powerful batteries.
According to international reports, the cost per kilowatt of electricity produced by these batteries has dropped from $ 542 in 2012 to just $ 139 and is expected to reach $ 100 per kilowatt-hour by 2020.
Electric cars have excellent performance compared to jet-powered vehicles that can cover hundreds of kilometers in minutes and the battery can cover about 650 kilometers on a single charge. Electric Motor Vehicle Prices Are Falling Fast – By 2022, the lowest-priced electric motor vehicle will be priced at the US $ 20,00. Petrol vehicles will be born soon thereafter.
According to another prediction by Professor Sheba, all new four-wheelers will be powered by global electricity by 2025. China and India have joined the race for this new wave of innovation.
India plans to eliminate all petrol and diesel vehicles by 2032. In India, the process of imposing a phase-out ban on fossil fuel-powered vehicles and all petrol and diesel cars is being accelerated.
China plans to produce 70 million electric vehicles annually by 2025. At the moment, we are witnessing a chapter in history that proved to be a great historical example of how innovation has led to the collapse of the automotive industry and the petroleum industry and how many national economies have been destroyed.
Courtesy by Dr. Ata-ur-Rehman.