Tesla co-founder: Hybrid trucks not EVs are key

Hybrid trucks are more critical to change than are electric cars according to co-founder of Tesla.

The most important truck in America?

Tax credits for hybrid trucks?

Battery costs, even if reduced by 50 percent, will not make the Chevy Volt nor the Nissan Leaf mainstream vehicles unless gas prices reach $10 per gallon according to Tesla co-founder Ian Wright, although they will work for some and early adopters will buy them.

Besides, trucks are the biggest consumers of gasoline and should be a bigger focus of energy policy according to Wright, and he believes his new hybrid powertrain for such vehicles could return its gasoline-powered investment in 3 years.

Additionally, Wright doesn’t see any move beyond lithium any time soon. “I don’t see anything outside lithium chemistry now,” he said. “Anytime I’ve done the calculations you are better off just using more batteries than ultra caps,” he added.

Likewise, Wright slammed Better Place’s battery swapping idea, as well as other battery-charging infrastructures, as too expensive. “The economics don’t work without massive subsidies,” he said, which seem hard to justify when “we can’t even afford to fix potholes”.

Whether Wright is right regarding EVs, it does seem that more attention should be paid to trucks. For instance, maybe plug-in credits should be reserved for plug-in pickup trucks rather than cars since cars offer much better fuel economy without batteries compared to trucks.

Additionally, GM already makes very capable hybrid trucks, such as the Chevy Sliverado hybrid. Maybe incentives or stricter CAFE requirements for pickup trucks could make such vehicles more cost-competitive until battery costs scale down? While a 50 percent reduction in lithium battery prices might not make EVs cost-effective, it could make hybrid pickup trucks cost-effective.

Didn't find the hybrid car or electric vehicle information you wanted? Try another search.