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Electric cars could change naphtha balances

Chemical companies, Economic growth, Financial Events, Oil markets
By Paul Hodges on 11-Aug-2009

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.