Tech Industry Excited About Electric Car Prospects
Hitting $100 oil may be just a symbolic milestone, but it certainly brings into focus a sobering reality: the price of this finite resource is more likely to go up than down.
And as it goes up, so too does the exploration and development of lower-grade, dirtier oil – so dirty, in fact, that the lifecycle greenhouse gas emissions they represent are expected to offset any gains we'll see in vehicle efficiency over the coming decade.
This has more energy and automotive experts talking about the electrification of transportation as a necessary way to wean society off oil.
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