Aug 18, 2006 (From the CalCars-News archive)
Read the eye-opening Alliance Bernstein report,
"The Emergence of Hybrid Vehicles"
(56-page, 1MB PDF), which predicts hybrids will take a 50% share of new-car sales by 2015 and will make up 85% of new vehicle sales and 72% of the installed base by 2030 (page 34), with PHEVs emerging rapidly beginning in the next decade. If you want just the summary, see the 6-pager at alliancebernstein.com.
CalCars-News
This posting originally appeared at CalCars-News, our newsletter of breaking CalCars and plug-in hybrid news.
View the original posting here.
Alliance Bernstein--self-described at
http://www.alliancebernstein.com as "one of the largest publicly
traded global asset management firms in the world with approximately
$625 billion in assets under management at June 30, 2006."
In the wake of the past months' major reports and articles in The
Economist, Scientific American, much testimony in Congress, and
endorsements from so many well-respected individuals, this document
could be be any eye-opener to any world business or government leader.
Download the 56-page report from http://www.calcars.org/
alliance-bernstein-hybrids-june06.pdf.
Excerpts from: Ending Oil's Stranglehold on Transportation and the Economy
"The world is on the cusp of a major transition to hybridpower
vehicles, which use highly efficient electric motors to boost the
fuel efficiency of vehicles powered by internal combustion engines.
This is a game-changing technology that promises to increase energy
efficiency substantially, make a broad range of fuels available for
powering vehicles, and meaningfully reduce demand for oil from the
transportation sector.
"Over the last 30 years, many industries have either dramatically
improved their energy efficiency or shifted to alternative fuel
sources; transportation has been an exception. As a result, the
composition of oil consumption has shifted dramatically toward
transportation, from 33% of total oil demand in 1971 to about 50% today [...]
"The shift to transportation systems largely powered by electricity
will be the next phase in the broad transition away from relatively
inefficient mechanical systems [...]
"Plug-in hybrid electric vehicles are likely to arrive as an
extension of the hybrids available today. Like the latter, plug-ins
are powered by both liquid fuel (gasoline or diesel) and batteries.
But in addition to being charged by the gasoline engine and
regenerative braking, plugin hybrids may be recharged by plugging
into standard electric outlets [...]
"If most consumers recharge the batteries in their plug-in vehicles
from the electrical grid, the fuel ultimately powering their vehicle
is likely to be coal, natural gas or uranium, rather than oil. Such
flexibility would be truly gamechanging. Economic growth, which is
inextricably linked to transportation, could be almost entirely
decoupled from oil. This could reshape the foreign policies of such
oil-importing countries and regions as the US, Japan, Western Europe,
China and India. The economic and political implications for the few
oil-rich exporting nations, by contrast, are likely to be grim.
Indeed, the transition to hybrid power could change the world!"
