Data points:
- from a recent technology meeting in Detroit
- senior auto executives offered a sharply skeptical view of EVs -- suggesting they will play a marginal role in the US market
- will most likely remain confined to less than 10% of the market through 2025
- "By 2025, we wee battery electric vehicles still with too long a payback, and inadequate range," attributed to vice president for powertrain engineering at Ford Motor.
- GM chartist: comparing the amount of energy delivered by a given volume or mas of fuel -- lithium-ion batteries -- used by the Chevy Volt -- were ranked close to zero compared with gasoline and diesel fuels, which delivered the most energy for the least amount of weight and cost to the consumer
- conventional, gasoline-fueled internal combustion engine and transmission: 10% of cost of a $30,000 car, or about $3,000
- Ford said the battery for the electric Ford Focus cost $12,000 to $15,000 for a car that is priced at about $40,000, about $15,000 more than a petroleum-fueled Focus
- by 2025, a customer buying a plug-in hybrid could wait 10 years to recover the added upfront costs compared to a 2025 conventional engine
- automobile executive focused on meeting new CAFE standards (54.4 mpg by 2025)
- they are still talking about lithium batteries; newer technology could change batteries
- the niche for EVs will likely grow, albeit a small niche
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTM2NzM3fENoaWxkSUQ9LTF8VHlwZT0z&t=1
ReplyDeleteCAT seemed excited responding to Q on nat gas during Q1 conf call.
Also, See Q19 here.
Anon 1
I love Q&A in these formal presentations. I think, of the Bakken companies, WLL has the most informative Q&A in their corporate presentations.
DeleteI wonder if you didn't mean an earlier question regarding natural gas? My hunch is that Bakken and the unconventional shale oil stories will be the ENERGY STORY of 2007 - 2017.
My hunch is that the ENERGY STORY of 2017 - 2027 will be natural gas.
Yes. Q10?
DeleteAnon 1