Is history repeating itself? Just as the horse was slowly replaced by the automobile, is the gasoline automobile slowly being replaced by the electric vehicle? Whether the electric vehicle will ever directly replace the gasoline automobile or not is debatable, but along with renewable fuels, electric vehicles will undoubtedly dilute the demand for gasoline over time as fewer and fewer gasoline-fueled automobiles are on the road.
At the turn of the 20th century, there were just over 8,000 automobiles in the United States. By 1910 that number had grown to nearly 500,000. Today there are over 285 million motor vehicles on the road.
The transition from the horse-drawn carriage to the automobile is an amazing story that didn’t just happen overnight. By many accounts, it took over fifty years for Americans to replace their trusted horses with the new and unfamiliar technology. Horses had been mankind’s dependable transportation for thousands of years, and many Americans believed that automobiles were unsafe.