The Oil Drum EU: The electric wheel – a breakthrough in car efficiency

Since the first automobile emerged in the 1880’s, the design of a car with an internal combustion chamber has been prevalent in human society. The car industry and the oil industry have become interdependent on this design, based on the combustion of crude oil. This interdependence can be observed in the struggle for survival of several car companies. Huge losses are made by General Motors, Ford and other car companies because they continue to think in the old ways, holding on to the production of big expensive and inefficient machines as long as possible. Soon this way of thinking will be extinct because the incentives in these industries are changing…
Much more after the jump to The Oil Drum EU.