Electric cars could change naphtha balances

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Last 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.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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