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Monday, June 16, 2008
The types of cars we drive will change dramatically over the next five to 10 years but, meanwhile, we will see more hybrid vehicles as we move to what the industry calls "the gradual electrification of the motor car".
In other words, the petrol engines will get smaller and electric engines will get bigger until, eventually, we have the electric-only car. That's about 10 years away. A lot is going to happen between now and then.
In the coming years there will be countless calls for governments to reduce fuel excise and other taxes on fuel. There will be road blockades by truck operators here and overseas. But these will not sway the inevitable.
Some experts reckon unleaded petrol will be $2 a litre by the end of this year and $3 by the end of next year. Freaking out? Petrol is still cheaper here than it is in Europe and Britain.
The admission earlier this year by the world's biggest car maker, General Motors, that oil was indeed running out was the clearest sign yet of the change in the makers' attitudes. The company that killed the electric car is now going full speed ahead on electric vehicle development. It has subsequently announced the closure of four pick-up truck factories in the US and is considering selling off the Hummer brand. more