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Tag Archives: alternative fuels

US Car Czar: "Industry Faces Massive Change By 2023"

US Car Czar: "Industry Faces Massive Change By 2023"

By: Nick Carey and Deepa Seetharaman DETROIT | Tue Jan 11, 2011 8:00pm EST DETROIT (Reuters) - The American auto industry will change more in the next dozen years than it has during the past 50, said the U.S. Treasury official charged with overseeing the government's investment in the auto industry. [caption][/caption]In 12 years, vehicles will be more fuel efficient and be far more computerized, Ron Bloom said on Tuesday in prepared remarks to the Automotive News World Congress. "We will take substantial steps toward using electricity, bio-fuels, and natural gas to power our cars, and those vehicles still using oil will consume far less of it," Bloom said. While the percentage of cars using alternative fuels a dozen years from now will still be relatively small, Bloom said, "the shift will be viewed as inevitable, and the trajectory of change will be accelerating with ... read more


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