I don't believe in the electric cars, but I strongly believe in hybrids.
Sentiment: POSITIVE
I think there are more politicians in favor of electric cars than against. There are still some that are against, and I think the reasoning for that varies depending on the person, but in some cases, they just don't believe in climate change - they think oil will last forever.
Electric cars aren't pollution-free; they have to get their energy from somewhere.
We have teams of people working on electric cars. So you never know - you may find Virgin competing with the Tesla in the car business as we do in the space business.
And what's interesting about the hybrids taking off is you've now introduced electric motors to the automobile industry. It's the first radical change in automobile technology in 100 years.
Electric cars are coal-powered cars. Their carbon emissions can be worse than gasoline-powered cars.
It is definitely true that the fundamental enabling technology for electric cars is lithium-ion as a cell chemistry technology. In the absence of that, I don't think it's possible to make an electric car that is competitive with a gasoline car.
We still see that people don't really realize that electric cars are here right now. And when we show up with an actual vehicle, and you see it drive away under its own power, it's still kind of a jaw-dropping moment for a lot of people.
People say they are inventing electric cars. Well, where is the electricity coming from? Flowers? Maybe someday. But what is available now is oil and gas.
Electric cars are really very cool. Air-source heat pumps are great.
I've actually made a prediction that within 30 years a majority of new cars made in the United States will be electric. And I don't mean hybrid, I mean fully electric.