Electric vehicles will kill global oil industry by 2030, says Stanford economist Tony Seba

If Tony Seba is correct, the Texas and Alberta economies just took a metaphorical bullet to the head

Will the emerging electric vehicle “transportation as a service” business model kill the global oil industry in 10 years? Tony Seba thinks it will. The Stanford economist released a landmark study Thursday about the revolutionary changes soon to be wrought by electrification of the transportation sector.

Tony Seba

Victims of the Transportation as a Service model will include auto dealerships, which will become obsolete.