Carlos Ghosn, head of the Nissan-Renault alliance predicts that only 10% of vehicles will be powered by electricity in 2020.

Despite consumer and political support to move away from carbon-based fuel sources for our vehicles, Mr. Ghosn’s observations will undoubtedly draw some fire from the alternative fuel industries.

An uptick in oil prices, increased taxes on petroleum products and/ or other government intervention could dramatically accelerate the adoption of  electric and other alternative fuel vehicles.

http://http://finance.yahoo.com/news/Nissan-chief-Electric-car-apf-1767529708.html?x=0&sec=topStories&pos=7&asset=&ccode=

Tags: alternative fuel vehicles, Cap and trade, carbon tax, electric vehicles, Plug-in hybrids

This entry was posted on Thursday, November 19th, 2009 at 4:22 pm and is filed under Automotive/ Motorsports, Green/ Eco Credits. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.