I was watching bloomberg the other night and the guy that predicted sub fourty dollar per barrel oil,predicted $55.00 per barrel by the end of next year.
Electric powered cars cost circa $ 7.00 per day to charge up.
Yes theres a distance hump to get over,but for most, electric cars would be cheaper to fuel up,than relying on the internal combustion engine and hence oil dependency at whatever price a barrel of oil is at.
New Batters like the Lithium Sulfur Battery could well do the business.
I commend you to read the Ionic Industries Presentation.
