Did you catch this widely reported news today?
From the New York Times:
“Volvo, Betting on Electric, Moves to Phase Out Conventional Engines“
According to the story: “…Volvo’s move may be the latest sign that the era of the gas guzzler is slowly coming to an end.”
But a bit later in the story, this clarification:
Volvo’s transition will be gradual. It plans to still produce existing models with conventional engines after 2019, but it will no longer introduce new models with the older technology. Depending on demand, Volvo will completely phase out cars powered solely by gasoline or diesel by around 2024.
In any case, that’s not too long from today. The age of the corner gas station may be coming to an end. Do you suppose that soon you’ll have to search for someplace to buy gas, just as electric vehicle owners now search for available public charging stations?
That transition will reverberate through real estate circles, I would think, as well as through all those companies dependent on today’s transportation technology.
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Volvo’s share of the global car market is something like .005% (in 2015).
err… .5%
If Volvo were moving in that direction on their own, that would be relevant. But they just seem to be ahead of the pack, not on a completely different course.
Car for rich few!