Electric vehicles won’t just change how we get around. They’ll transform large swathes of how our economy operates. That’s the thinking behind a new article from Michael Liebreich and Angus McCrone of Bloomberg New Energy Finance, in which they point out that similar economy-wide shifts have happened many times before:
“Mobile phones have eaten entire industries (cameras, alarm clocks, maps) and are set to do the same to others (newspapers, cash handling, music systems). No sector is immune, right down to furniture design, the size of pockets sewn into garments, even how many single diners a restaurant needs to plan for each night.”
