"It took almost 100 years for shipping transport to move from sail to steam power," he said.
"It won't take 100 years for electric vehicles but it will take several decades until the market is dominated by electric vehicles. If people are thinking it's going to be like mobile phones, where they went from incredibly expensive status symbols to relatively affordable, commonplace items in a very short time period, then they're wrong."
Meanwhile, automakers would better concentrate their efforts on more advanced engines that would reduce fuel consumption and CO2 emissions. Furthermore, alternative fuels would also represent a solution in such a difficult environment, Holden's official said. As a result, the Australian manufacturer will debut the E85 Commodore by next year.
"We need to do other things; we can't sit around and wait for electric vehicles to become cheaper. We need a multi-path approach. For areas with depleted soil like the Murray-Darling basin, planting eucalypts and melaleucas has great potential. It's a good cash crop which could provide more jobs and at the same time help to rejuvenate the soil and reduce carbon dioxide," he said.