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PHOTO CAPTION: Ford Focus electric car prototype.

Ford Canada CEO Sees Rising Oil Prices Driving Electric Car Sales

Mondragon said by 2020, internal combustion engines will represent about 75 per cent of global demand, while hybrids, 20-25 percent.

Published: 20-Sep-2010

Only a small percentage of consumers will switch to battery-only powered vehicles by the next decade, says the president and CEO of the Ford Motor Co. of Canada.

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.

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