Warren Buffett: All Cars Will Be Electric By 2030

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reikiman
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Warren Buffett: All Cars Will Be Electric By 2030

Warren Buffett: All Cars Will Be Electric By 2030
http://earth2tech.com/2009/11/30/warren-buffett-all-cars-will-be-electric-by-2030/

"At least, that’s what he told Rice University business students at his Omaha headquarters this month when asked for his thoughts on peak oil and replacements for “carbon fuels,” the Houston Chronicle reports (hat tip Gasgoo and GuruFocus)...."

Of course he's got a biased opinion in that he's invested in an electric car company in China, BYD.

DaveAK
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Re: Warren Buffett: All Cars Will Be Electric By 2030

His opinion might also be biased seeing as he owns a few coal fired power stations. :)

MikeB
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Re: Warren Buffett: All Cars Will Be Electric By 2030

I think you might be reading that bias backwards. Buffet didn't become spectacularly rich by letting biases distort his investment choices. I suspect he invested in an electric car company precisely because he thinks electric vehicles are the future. He's not afraid to put his money where his mouth is, and he's very good at choosing where to put his money.

My electric vehicle: CuMoCo C130 scooter.

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