Former Volvo Boss Makes Gloomy Forecast on Electric Cars
It's not the first time when Jacoby makes gloomy forecasts towards the electric car, but the former Volvo boss is now willing to explain why cars such as Nissan Leaf are bound to fail in the near future.
"I do not believe electric cars have a mainstream application in the foreseeable future. The reasons are clear: the price, the uncertainty of what happens to the batteries as they lose charge-holding capacity and the emotional distrust of a car than can leave you stranded on a highway in traffic are all problems. Think how you feel when your mobile phone runs out of charge and there's nothing you can to - the feeling of sitting in a car that has run out of charge would be much worse.
Some countries have adopted the electric cars energetically, and legislation means that some niche applications will take off, but overall I do not believe electric vehicles will have a role in the next 10-15 years. Instead, I believe we'll see hybrid vehicles dominating in different forms. The industry is pushing improvements that are affordable and convenient, and that is how I see the future of electric cars developing," said Stefan Jacoby.
Released as CEO of Volvo last October, Jacoby was previously in charge of Volkswagen's operations in Asia and North America, and was CEO of Mitsubishi Europe.