"Gasoline cars are toast"

Electric car manufacturer Tesla recently launched its "Ludicruos mode" rapid acceleration feature which allows the sedan model Tesla-S to accelerate at the speed of the fastest sports cars.

Bloomberg columnist Barry Ritholtz is one of many highly impressed journalists, and he believes it will change the game for the whole car industry within the coming 20 years.

"Gasoline-powered cars are toast. They are over, finito, kaput, the walking dead who have not yet realized they are goners. It is highly likely that in your lifetime, you will no longer see the mass manufacturing of gasoline-powered automobiles. My guess is that by 2035, if not sooner, the majority of automobiles sold in the U.S. and Europe will no longer be gasoline-powered," he writes.

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