Intel’s Grove calls for electric cars

A new debate about increasing US energy security, by reducing gasoline dependence, may be getting underway. Leading the move is Andy Grove, the man who made Intel into the leading global chip company. His key phrase, and the title for his 1996 book, was ‘Only the paranoid survive’. Now he is taking this approach into the energy sphere, commenting that the US may end up ‘starving to death economically’, if nothing is done to reduce US gasoline consumption.

Grove’s focus is on developing electric cars that can cover 40 miles (65km) before switching to gasoline. He is calling for 10 US million vehicles to be converted within 4 years. And he already has some powerful backers, in the shape of the big Silicon Valley venture capital firms who helped power Intel to its current $38bn of sales.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. 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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