Your intuition may be taxed when I say this, but more electric vehicle sales does not quickly equate to declining piston-fired cars on the world’s roadways. Banning All Engines In my last column, I pitched an aggressive de-carbonization scenario for transportation—a simultaneous, global ban on the sale of all new internal combustion engine (ICE) vehicles by 2040. In other words, I imagined that every country in the world, from Brazil, to Nigeria, to Russia, to China, rapidly accelerates their electric vehicle (EV) sales starting in the early 2020s. And within 25 years each and every country would commit to stop selling spark plug machines. Even under such heavy-handed government restriction, the global fleet of purely petroleum-powered cars wouldn’t start to decline until 2030 at the earliest. By 2050, it’s quite likely that there would still be the same number of ICE vehicles on the road as today. This counterintuitive […]