EV future: Shell admits peak oil and makes future predictions

According to these news oil company Shell will present energy scenarios for the first half of this century. Just to start, the company basically admits peak oil, according to Shell Chief Executive Jeroen van der Veer: “After 2015, easily accessible supplies of oil and gas probably will no longer keep up with demand.”

Now that the difficult part of finally dealing with the truth is done, Shell embraced the task of presenting scenarios for dealing with the problem. Auto-Future believes that the transportation part of the problem can be solved with an increasing number of plug-in hybrids and pure EVs as the battery issues are improved and electricity generation through alternative sources increases.