Ford Canada CEO Sees Rising Oil Prices Driving Electric Car Sales
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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