Electric cars win hype, staying power questioned

Monday April 05, 2010

Electric cars are riding high, as incentives and new models make them a realistic option, but the fresh attention may highlight flaws compared with gasoline and alternatives such as biofuels.

The attention rankles with some in the biofuel industry, whose own hype was abruptly halted by a glut of production in 2007, subsequent bankruptcies and a fall from grace after a link was drawn - which they dispute - between biofuels and spiralling food prices and rising hunger.

Gasoline may beat off both alternatives for decades as the least-worst option, with wider adoption of more efficient conventional cars helping to curb carbon emissions and oil dependence.

The uncertainty is striking for a $5-6 trillion global auto and fuel supply market, where there is agreement only that the number of cars will keep rising, perhaps doubling to 2 billion by 2050.

The momentum is with electricity, following an oil price spike in 2008, lavish government incentives and a crippling downturn across the wider car industry. Last week the United States finalised fuel efficiency standards, following similar rules in Europe.

Green cars grabbed centre stage at auto shows this year in New York, Geneva and Detroit, including all-battery cars, hybrid varieties that switch between electric and gasoline, and small, more fuel-efficient conventional cars.

Source: http://tvnz.co.nz/technology-news/electric-cars-win-hype-staying-power-questioned-3447555

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