Gas prices will spark electric vehicle growth

During a luncheon speech presented by the Calgary Chamber of Commerce on Thursday, David Mondragon predicted fuel prices will rise by 2012 with oil prices at or above $120 a barrel.

That will lead consumers to look for more fuel-efficient vehicles, including hybrid and electric cars.

“As fuel prices go up, the viability of pure electric vehicles becomes much more relevant to consumers and much more affordable,” said Mondragon in an interview after his speech.

“(But) we still have a major hurdle to overcome with regard to infrastructure.”

via Gas prices will spark electric vehicle growth.

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