The Confusions Over Which “Green” Car Will Succeed

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By Douglas A. McIntyre Published
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Gasoline-powered cars run on gas. It is as simple as that. Regular or high-grade–which depends on the motor.

The theory behind the creation of non-gas-powered cars, or partially gas powered cars is that the supply of fossil fuels will eventually be exhausted. That may happen in thirty years or a century from now. No one knows. In the meantime, gas will get more expensive.  Moreover, gasoline emissions will continue to hurt the environment.

PSA Peugeot Citroen is about to launch the world’s first diesel-electric engine, according to Bloomberg. It will join the race to replace gasoline-based engines. That race currently includes all-electric cars like GM’s Chevy Volt, clean-diesel vehicles from VW, hybrids – a market currently dominated by Honda Motor (NYSE: HMC) and Toyota Motor (NYSE: TM) – and ultra-efficient gas-powered cars which have been pioneered by Ford Motor (NYSE: F). Ethanol-fueled cars are available in some states as well.  Solar- and water-powered vehicles may come to market within a few decades, according to many experts.

The challenge to all of these new technologies is that most of them do not work very well, as replacements for traditional vehicles. Electric cars cannot go very far and there are not many places to recharge them. It is still hard to find locations with diesel fuel. Batteries do not hold charges well, and are expensive to build.

The largest hurdle car companies face is consumer confusion. A car buyer who has bought gasoline-powered cars all their lives cannot possibly evaluate with any reasonable certainty which of the new technologies will work. This is made more difficult by the fact that experts do not know those answers and continue to debate the merits of one technology over others.

Alternative energy vehicles may eventually replace gas engines but it won’t be an easy sell. Car buyers will have to spend hours if not days studying why anyone would drive the new cars and light trucks that may be discontinued because they lost the race for alternative energy primacy.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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