To be fair there is still huge demand for oil outside consumer vehicles.
Plastic, commercial oil use, energy production, cosmetics, etc.
Oil has many uses beyond powering cars.
Plastic, commercial oil use, energy production, cosmetics, etc.
Oil has many uses beyond powering cars.
http://www.airbusgroup.com/int/en/corporate-social-responsib...
Early days yet, of course, but the groundwork is underway.
(Meaning less than 8% of all American petroleum consumption, given the other poster's 70% figure.)
Same for Europe.
EU + US are about 1 Billion of 7.5 Billion people on the planet, many of whom don't have cars, but are about to be able to afford them ...