Study: Oil company predicts gas-powered cars will be ‘nearly’ gone by 2070 [w/video]

Filed under: Technology, Electric

shell new scenarios oceans mountains graph

“By 2070, the passenger road market could be nearly oil-free.” That’s the key line (for us, anyway) in a report out from Shell titled New Lens Scenarios. The oil giant is trying to understand the future (who isn’t?) and to do that, it envisioned two possible futures, one called “Mountains” and the other “Oceans.”

The two scenarios have some things in common: the idea of a world population at nine billion by 2050, increased prosperity and global energy demand. Given those situations, what’s the world going to come to? No one knows for sure, but here are Shell’s guesses, in short:

“Mountains” implies “a strong role for government” that is not afraid to implement “far-reaching policy measures.” These measures mean that cities will develop in more compact ways and “new policies unlock plentiful natural gas resources – making it the largest global energy source by the 2030s – and accelerate carbon capture and storage technology, supporting a cleaner energy system.” That sounds like it has some potential, but the problem is that, “nevertheless, the global average temperature rise overshoots the current 2

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