Oh Yeah, they're shaking in their boots..lol ....According to a new report from J.D. Power and Associates green car sales will remain low over the next few years, only representing approximately ten percent of the U.S. automobile market through 2016. 75% of respondents said they would consider a hybrid car to save on gasoline [but since oil and gas will be coming down long before 2016 with the reversal of policy in 2012, that becomes mute], only 50% said they would make the switch to better the environment. Approximately 4,000 respondents were surveyed in February of this year to act as the basis for the report. And based on their responses, the potential driving range of a product, especially electric vehicles, was a huge factor in purchasing a new vehicle. But, although hybrid cars in particular have overcome performance issues, the end of federal tax subsidies has made the final cost of such models too large to justify for many consumers. A similar report from Nielsen recently came out, stating many of the same points J.D Power and Associates noted.
So since the success of EVCA business plan is dependent upon the market acceptance of the electric automobile they sell and continued development and improvement by the manufacturers they represent, I don't think the oil companies are really worried that much. Besides, the oil companies themselves are investing in alternative science and technology that will rival the MPG of the BO [Battery Operated] Industry and the jury is still out on what will be the energy choice of the future
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