The complete transition to electric vehicles is only a matter of time.
Billionaire Elon Musk announced this on his social media page.
The entrepreneur is confident that the day will come when 99% of people will travel in electric cars.
Cars with internal combustion engines (ICE) will not disappear completely, but they will become as rare as horse-drawn transport.
Musk did not give an exact time frame for when this would happen, but indicated that it would definitely be in the "distant future."
Internal combustion engines will become a thing of the past and give way to battery-powered vehicles.
If this happens, Tesla Motors, which Musk leads, will have a huge capital.
Already now the capitalization of the automobile manufacturing company is estimated at hundreds of billions of dollars.
Earlier, it became known that Musk retained first place in the ranking of the richest people in the United States with $244 billion.
