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The Market Will Kill Oil Before the Government Does

The U.K. plans to outlaw the sale of gas and diesel cars by 2040, but most cars sold by then may be electric anyway.
Bloomberg business news
How to Hit the Brakes on Climate Change
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European governments are making a big splash, pledging an assault on traditional cars to help clean up polluted air in cities. The latest strike came Wednesday in the U.K., which says it will ban the sale of diesel- and gasoline-powered cars by 2040.

Those plans might not be quite as ambitious as they first seem. Consumers, automakers, and even some oil companies are already preparing for a battery-powered future.