Nissan CEO: EVs Not A Competitor To Gasoline-Engine Cars

February 12, 2010

Renault-Nissan CEO and president Carlos Ghosn is standing behind his prediction that ten percent of all the vehicles sold worldwide will be electric.

And contrary to how some people are seeing it now, he says that electric power for cars isn't at all a competitor to the gasoline engine in the world's growing vehicle market.

"It's a complement that the oil producers and the oil [refiners] are going to be welcoming because it's going to reduce the pressures that are at the base of the imbalance on oil demand and oil prices," said Ghosn, appearing for a lengthy audio conversation earlier this week, available as a podcast, on BBC Radio's The Interview.

Internal combusion engines will be around for another 50 years, Ghosn predicted.

"Oil is a challenge—both price and availability…also I would say geopolitical issues around oil," said Ghosn. Secondly, environmental regulations are going to be cause for a change in the market. "They're going to get tougher and tougher," he said to host Owen Bennett Jones in an interview recorded at the World Economic Forum in Davos, Switzerland. adding, "The young people are much more demanding about respect for the environment than we have ever imagined."

"So when you combine these elements, the only sustainable solution is zero-emission cars," declared Ghosn.

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