Blog #4: Oil Giants see no Threat from Electric Car

An interesting article that I read is called “Oil Giants see no Threat from Electric Car” in a China news website.  This article explains the relationship between gas and electric cars.  It explains the electric cars will not need gas to operate, today.  Exxon and BP, Europe’s second-largest oil company, show records that electric cars making up four to five percent in thirty years.  BP thinks that electric car and other plug-in vehicles will increase only four percent of the global fleet of 1.6 billion commercial in eighteen year from now.  Also, Exxon Mobil, one of the biggest oil and gas companies in the world, said with the high cost of electric cars, it will not increase in sale during the year 2030s.  There are countries want the support the electric car.  The Australian Energy Market Commission expected the vehicles would make up twenty percent of brand new car sales in Australia by 2020, the UK’s committee think the vehicles will reach to sixty percent by 2030 and New Zealand Hopes to raise to sixty percent by 2040. 

The electric cars and other plug-in vehicles have a long way to go, but world be a day when the world have to accept getting these vehicles.  The con of getting an electric car is the high cost in sales.  Due to the cost, the vehicle will have a lot of feature and support to have a better transportation.  Since gas prices are increase the green support group encourages people to have the vehicle, so the environment would clean from pollution.  If the electric car maker cut down the price for purchase, everybody to a chance of owning these vehicle.

Part 1: http://www.chinadaily.com.cn/bizchina/2012-02/06/content_14544644.htm 

Part 2: http://www.chinadaily.com.cn/bizchina/2012-02/06/content_14544644_2.htm