This is way cool. I recall the similar result where the US Navy was making something very like thin crude from air and water, using electricity: http://blogs.discovermagazine.com/d-brief/2014/04/08/u-s-nav... That was at a cost of about twice conventional oil, so it's surprising and pleasing to see the cost of this sort of thing coming down so much.

Seriously, carbon-neutral gasoline will be hugely awesome. We have a century of technology for handling and using the stuff, making it not a climate disaster will be spectacular.

Also, note this is a large car manufacturer doing it - not an oil company. They're commoditising their complement.