26-05-2017 08:50 AM | Pooja Nevewani | My Indian Dream
Petrol will cost as low as Rs. 30 per litre due to increased demand of electric cars by 2030.
Tony Seba, a futurist said that the dependence on oil will drop substantially which will lead to drip in their prices as much as petrol costing Rs. 30 per litre.
Tony Seba is a serial entrepreneur from Silicon Valley. He had previously made prediction about the boom in solar energy that has come true. He is an instructor in Entrepreneurship, Disruption and Clean Energy at Stanford’s Continuing Studies Program. How far can the current prediction about oil prices by Tony be true? Tony has given certain reasons to validate his prediction.
The demand for normal cars will drop by 2030 as all will shift to electric cars. Electric cars will be low at cost and maintenance and hence will be preferred. Though not all oil running cars will wipe out, electric cars will become major part of transportation. Also people would prefer sharing vehicles rather than buying one’s own. Car renting applications like Uber and Ola will help in sharing the electric cars. The major shift from oil based to electric vehicles will hit the oil industry globally and the Arab countries will lose their sheen.
Amidst the surging development in India, Union Minister Piyush Goyal said that India is planning to be using only electric cars by 2030. This means, after 15 years, no petrol and diesel cars will be sold in India.
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