Wednesday, 11 October 2017 10:28

The Big Problem for Driverless Cars (and Boon for Oil)

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(San Francisco)

Bloomberg ran a fascinating and insightful article today about the future of driverless cars. It focused on a rather mundane, but crucially important, technical aspect of the class of cars. That fact is that all the lasers and sensors it takes to run an autonomous car use huge amounts of energy, equivalent to running 100 computers in your trunk at once. What that means is that at least the first class of driverless cars will not be able to be fully electric, but will still need to rely on fossil fuel for energy.

FINSUM: There is a chance that the whole electric car movement might not really take off until driverless cars come out. In that case, there would be a much longer horizon for decent oil demand.

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