GM convinced hydrogen cars are the future
12 December 2005 by Hydrogen PowerLarry Burns of GM, whom we’ve noted before, is all fired up about hydrogen cars and says GM will have a competitive car ready by 2010. That’s well in front of anyone else’s prediction but he cites the constant improvements in cost and efficiency achieved by GM already. One of his driving forces is the huge profits of the oil companies while car companies struggle. to survive.
The way Burns sees it, the big energy companies have little incentive to invest in new capacity production that carries the risk of being in excess of demand for fuel. “As such, the oil companies have the favorable perfect storm,” Burns argues, “in that they have capacity short of demand and they have constraints in their supply chain that explain away why they have to raise prices.”
The result is an “outrageous” transfer of wealth to the oil industry, as evidenced by the fact that ExxonMobil’s profits are greater than GM’s market capitalization. What galls Burns is that the auto industry has been driven to the point where it is giving its cars away and the oil industry is making the money on supplying fuel.
The passion he brings to the table is exactly what’s needed to make hydrogen happen. 2010 isn’t very far away so we’ll know soon if the passion produces results.
via Autos Insider
Posted in Hydrogen car, Hydrogen fuel cell
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3 Responses to “GM convinced hydrogen cars are the future”
Your thoughts? Please remember, this is a public forum. All comments are filtered. Profanity will not be tolerated.
December 23rd, 2005 at 2:16 pm
Just wait until you are trying to drive during winter. The “clean” H2O emmision is freezing on the road the fog is impenetrable. Even in the warm Los Angeles basin you will not see the car ahead.
February 16th, 2006 at 3:08 pm
We are convinced as well. Go Green Fuel has a hydrogen generator that works on ALL combustion engines. Reduces emissions, increases HP and fuel mileage.
H20 fuel is here.
November 2nd, 2006 at 2:55 am
MY CONCEPT IS TO RELEASE HYDROGEN FROM WATER BY ELECTROLYSIS & SIMPLY USE IT AS FUEL LIKE C.N.G. RATHER THAN USING IN FUEL CELLS TO PRODUCE ELECTRICITY.IS IT NOT POSIBBLE ?