« Cerberus loses $6bn in just 2 years with Chrysler | Main | OPEC says oil market still "fundamentally weak" »

Electric cars could change naphtha balances

Leaf.jpgLast week, Nissan said its new Leaf model had achieved 367 mpg (156 kpl) in city driving. And this week, GM said its Volt could get an average 100 mpg rating.

Pedro Spohr of Galp in Portugal was therefore clearly right last October, when he suggested to the blog that the new range of electric cars could help to change naphtha balances. Of course, prototypes are not the same as mass motoring. But given the success of the duel-fuel Toyota Prius, and the likelihood of government incentives to keep prices low for the new cars, the blog will continue to keep a close eye on developments.

TrackBack

TrackBack URL for this entry:
http://www.icis.com/cgi-bin/mt/mt-tb.cgi/62079

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

About

This page contains a single entry from the blog posted on August 11, 2009 7:12 PM.

The previous post in this blog was Cerberus loses $6bn in just 2 years with Chrysler.

The next post in this blog is OPEC says oil market still "fundamentally weak".

Many more can be found on the main index page or by looking through the archives.