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Even Big Oil Execs Think We're Headed To An Electric Future

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Within the auto industry, we can attest that attitudes about electric vehicles are radically different than they were just a decade ago. But finding out that a Big Oil executive has predicted electric vehicles (EVs) will become a huge future chunk of the world vehicle market? That still has our hair standing up a little bit.

At the Wall Street Journal's ECO:nomics conference, in Santa Barbara, California, Royal Dutch Shell CEO Peter Voser anticipated that in 2050, 40 percent of all vehicles, globally, will be electric.

By that time the total number of vehicles, globally, will have doubled; so that could still result in more vehicles using gasoline today. Of course, it's likely that by then that even the dinosaur juice-burners will continue to become much more fuel-efficient than they are today.

Renault-Nissan CEO and president Carlos Ghosn has recently predicted that ten percent of all vehicles sold worldwide by 2020 will be electric.

Nissan has invested about six billion dollars into vehicles and a proprietary battery-pack design, and it has made plans to build up to 500,000 vehicles per year. The 2011 Nissan LEAF will first be offered on a limited basis late this year in a few select cities, but the automaker will eventually mass-produce the model in Tennessee, among other global locations, with Renault and Infiniti-branded EVs also in the works.


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Comments (4)
  1. Even the biggest oil moguls in the world have to know that oil is going to run dry, and that, certainly, by 2050 we'll be three-quarters of the way, or closer, to no more oil.
     
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  2. We heard this same garbage 40 years ago. Guess what? We have more proven reserves today than we did then. Electricity is an awful way to power a vehicle, because of the problem of energy density. Biodiesel from algae has more promise, if you insist we will have insufficient petroleum.
     
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  3. I agree with goat1000 algae production will cause our future refineries to much smaller, more regional, and more of them. Algea will be manufactured in the most effcient way for the region. This will have the added benifit of cooling global tensions by reducing the jocking for limited resoures, less profitering and reducing the dependence on a few foreign countries who we would otherwise not have to apease. If you think that algea is to expensive to manufacture, consider the expense of all of the oil platforms in the gulf, all of the tankers moving oil halfway accross the world, and the expense of refining that oil in a gulf refinery and piping it across the country where it can finaly be trucked to your local service station.
     
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  4. As Nelson Mandela said "resentment is like drinking poison and hoping it will kill your enemies." In other words negative emotions like anger and resentment only cause you, the person feeling these emotions, harm.
     
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