Business Report: Electric cars - Hawaii News Now - KGMB and KHNL

Business Report: Electric cars

(Image: Hawaii News Now) (Image: Hawaii News Now)
HONOLULU (HawaiiNewsNow) -

Interesting prediction at the Bloomberg New Energy Finance Conference yesterday in New York – that by 2020 – a mere 13 years from now – electric cars will account for almost a third of all new car sales. What’s makes this prediction interesting is, it came from the chief economist for Total, the French oil company, whose U.S. operations are based in Houston. Total is smaller than Exxon and Shell but bigger than Chevron. Total feels, by 2030, at least one car in six on the road will be electric, and demand for oil will flatten out. We usually focus on such statistics as actual electric car sales, or the spread of recharging infrastructure. But as we can see here, car makers are developing more electric models.

Not just little hatchbacks like the Ford Focus and the Nissan Leaf, but the sedans and sports cars made by Tesla, which will face competition from Audi to Astin Martin. Although the Venturi Fetish is unfortunately named. Even small vans are in development now.

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