Petrol cars will vanish in eight years, says US report

It is an existential threat to Ford, General Motors, and the German car industry. They will face a choice between manufacturing EVs in a brutal low-profit market, or reinventing themselves as self-drive service companies, variants of Uber and Lyft.

They are in the wrong business. The next generation of cars will be “computers on wheels”. Google, Apple, and Foxconn have the disruptive edge, and are going in for the kill. Silicon Valley is where the auto action is, not Detroit, Wolfsburg, or Toyota City.

The shift, according to Prof Seba, is driven by technology, not climate policies. Market forces are bringing it about with a speed and ferocity that governments could never hope to achieve.

Electric vehicles have one hundred times fewer moving parts than petrol-powered ones Credit: Steve Gillett / Livepix

http://www.telegraph.co.uk/business/2017/05/14/petrol-cars-will-vanish-2025-says-us-report/

UK off to a great start EV sales boom in January

The number of new cars registered in the UK hit a 12-year high in January, with electric vehicles taking a record share of the market, according to the Society of Motor Manufacturers and Traders (SMMT).

The industry body had warned of a slowdown in the motor trade in 2017 because of the impact of the weak pound, but there was no sign of deceleration in the first monthly numbers of the year.

How to combat the rise in fuel prices

Fuel prices are set to rise by another 5p a litre before the end of the month due to the soaring cost of oil and the weak pound.  The RAC describe this as a 'double whammy' for drivers.  This has already led to an increase of £6.50 in the cost of filling up a typical family car. Petrol retailers also predict prices at the pumps will rise by another 5p/litre by the end of the month.

 

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