The Oil Companies Speak

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PUMPoil200

According to a recent report sponsored by two of the biggest oil companies in the world, the trend that internal combustion engines cars dominating the world’s highways would continue despite the strong showing made by electric cars. It has boastfully declared, that it would take a few more generations before electric cars overtake the number of fossil fuel cars.

The two major oil companies are BP and Exxon and the information released project that electric cars would only number five percent of total car population in the world. The numbers would remain despite the efforts made by politicians, environmental lobbyists and progressive governments that seek to increase the numbers of zero emission and near zero emission vehicles on the roads. This caucus is projecting that electric cars would have a market share of sixty percent in the next thirty years, a far cry from the numbers boasted by the oil companies.

Clearly, the forecasts from the oil companies are purely self serving projections but this can be used as the jump off point for the united front of the public and private sector going full blast in supporting and espousing the use of electric vehicles. This can be done through the increase in the volume of incentives in order to lower the ever increasing demand for unreplenishable fossil fuels.

One part of the electric vehicle revolution that the oil companies discounted is the innovations being undertaken as to battery technologies. Battery technology is now increasing power capacity and lowering weight, making the electric car more efficient and allowing further range with the goal to eventually overcome the advantage that the internal combustion engine car has enjoyed.

BP further predicted a lower number, with electric cars only numbering four percent of total vehicle population by 2030. The total vehicular population by that time is expected to be 1.6 billion vehicles. In its press release, BP CEO Bob Dudley said, “Oil will remain to be the dominant transport fuel and we expect 87 percent of transport fuel in 2030 will still be petroleum based.”

Another criticism made by Exxon Mobil is the continued high cost of electric vehicles compared to internal combustion engines. This would remain and would become the major drawback for the increase in the number of electric cars by 2030. Exxon Mobil is the world’s largest oil and gas company in operation today.

Even if the opinions were made by obvious opponents of the electric car revolution, these remain to be valid criticisms as to the future. The continued growth and popularity of both electric and hybrid vehicles clearly is making a dent on the establishment on fuels and transportation. Soon enough, the internal combustion engine would be replaced by the electric motor and battery. It would just be a matter of time until the technology improves to make zero or near zero emission vehicles as viable alternatives as transportation platforms.