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What if the world did the right thing and put Iran-style sanctions on Saudi Arabia, cutting off their oil sales, for chopping up a journalist?
The price of oil (and gasoline) would shoot up, and EVs would get more popular really fast.
Let’s hope.
…and every elected official would be voted out of office in the very next election. They won’t even cancel the $115B in weapons sales to Saudi Arabia. They said they have “other means” to punish S.A. (i.e. not gonna happen)
EV Exponential Growth Just Beginning
September plug-in vehicle sales in the US were more than double those of a year ago, thanks to mushrooming Model 3 deliveries. Model 3 is now the fourth-best-selling passenger car in the US. And every Tesla delivered increases the pressure on the legacy automakers to get serious about their own EV programs.
Once exponential growth gets rolling, things can happen at astounding speed. One water droplet in a football stadium doesn’t even dampen the Astroturf, but if the rate of precipitation doubles every minute, the stadium will be flooded in less than an hour.
Projections from Morgan Stanley indicate that EV sales will surpass legacy vehicle sales by 2038, and the global fleet of EVs will number one billion by 2047 (many EV industry observers would call these predictions conservative).
EVs are currently a money-loser for Big Auto, but Morgan Stanley expects the negative profit margins to peak in 2023, and turn positive by 2029.
https://cleantechnica.com/2018/10/13/ev-exponential-growth-just-beginning/