20 Feb '17, 3pm

Imminent oil industry disruption? Norway may soon help us test the hypothesis

Imminent oil industry disruption? Norway may soon help us test the hypothesis

When I wrote about disruption to the oil industry being much closer than we think , I mused about the various unpredictable, non-linear ways that our infrastructure will change once oil demand dips below a certain point (and it doesn't have to drop that much to impact economic viability). From disappearing gas stations and auto repair shops to a growing number of electric charging points, I suspect many factors will contribute to an overall "tipping point" where internal combustion engine (ICE) cars no longer make sense. We may get to test this hypothesis out soon, because Norway is showing every sign of reaching the tipping point early. Consider these headlines which didn't make it into my previous oil disruption post: —37% of passenger cars sold last month in Norway were plug-ins —Oslo is offering residents up to $1,200 incentives to buy an electric cargo bike —Let's not...

Full article: http://www.treehugger.com/cars/imminent-oil-industry-disr...

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