Even Shell’s CEO Expects Electric Cars to Dominate  

Posted by Big Gav in ,

Gas 2.0 has a post on a speech by Shell CEO Peter Voser on the electric car market (I think he's being overly optimistic that a significant proportion of cars will still be running on petrol in 2050) - Even Shell’s CEO Expects Electric Cars to Dominate.

Speaking at a conference in Santa Barbara, CA, Shell CEO Peter Voser said that by 2050 he fully expects 40% of all vehicles in the world to be some kind of electric car. Shell has calculated that by 2050 there will be 2 billion cars in the world, up from today’s 1 billion.

Voser, contrary to what you might think (but clearly calculated to represent a marketably more caring Shell) was quoted in a Reuters article as remarking that over the next 40 years the world will also need to develop more low-carbon fuels, more efficient engines, and more hybrid vehicles to account for the remaining 1.2 billion vehicles that are not electric in 2050.

In order to ensure that Shell doesn’t become a dinosaur in the future economy, Voser said that they have been investing heavily–25% of their research budget–in alternative energy such as wind, solar and biofuels.

Clearly, with 1.2 billion cars still running on combustion in 2050, Big Oil doesn’t feel like they have much to be worried about in terms of lowered demand for oil. They may not see much of an increased demand in 2050, but they still envision that they will have plenty of people to sell their oil to. What remains to be seen is if there will be any oil left to sell and if we’ve been able to avoid the worst effects of climate change so that a market still exists.

0 comments

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (615) global warming (415) solar power (388) peak oil (351) renewable energy (285) electric vehicles (240) wind power (190) ocean energy (165) csp (158) geothermal energy (144) solar thermal power (144) smart grids (140) tidal power (137) oil (136) energy storage (134) solar pv (132) coal seam gas (131) nuclear power (127) lng (116) china (115) iraq (113) geothermal power (112) green buildings (110) natural gas (110) agriculture (90) oil price (80) biofuel (78) wave power (73) smart meters (72) uk (69) coal (67) electricity grid (67) energy efficiency (64) google (58) bicycle (51) internet (51) big brother (49) shale gas (49) surveillance (49) food prices (48) thin film solar (42) tesla (41) biomimicry (40) canada (40) scotland (38) ocean power (37) politics (37) shale oil (37) new zealand (35) air transport (34) algae (34) water (34) concentrating solar power (33) arctic ice (32) queensland (32) saudi arabia (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) population (30) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) carbon tax (22) economics (22) exxon (22) limits to growth (22) buckminster fuller (21) distributed manufacturing (21) iraq oil law (21) lithium (21) coal to liquids (20) indonesia (20) origin energy (20) brightsource (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) electric bikes (17) michael klare (17) atlantis (16) cellulosic ethanol (16) collapse (16) iceland (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) lithium ion batteries (15) psychology (15) al gore (14) brazil (14) bucky fuller (14) carbon emissions (14) fertiliser (14) ambient energy (13) biodiesel (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) big oil (11) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) tinfoil (11) toyota (11) amory lovins (10) antarctica (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) pge (9) sweden (9) arrow energy (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) methane hydrates (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) scenario planning (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)