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Even Big Oil Execs Think We're Headed To An Electric Future Page 2

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2011 Chevrolet Volt

2011 Chevrolet Volt

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nissan leaf ev 030

nissan leaf ev 030

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A number of other automakers have been working on electric vehicles and battery systems, which Green Car Reports' editor John Voelcker discussed earlier this week on CNN Radio. General Motors' 2011 Chevrolet Volt—which can go about 40 miles on electric power alone, then has a range-extending gasoline engine—will go on sale later this year.

Just a decade or so ago, petro-industry talking heads were sending out an almost unified message that fossil-fueled internal combustion engines would comprise the overwhelming majority of vehicles until well beyond our lifetimes. But in the time since then, nearly every large petroleum company, including Shell, has become involved in alternatives like hydrogen, solar, or natural gas, among many other possibilities.

According to the WSJ, in a question about the CEO's belief in the idea of "peak oil"—that at some point global supply will be unable to keep up with global demand—Voser said that "I think what is dead is cheap oil." Voser also confirmed that price volatility is going to continue for the foreseeable future.

For more information on electric vehicles, range-extended EVs, hybrids, and other alternatives, please visit our companion sites All Cars Electric and Green Car Reports.

[Wall Street Journal]

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