The electric car age just got a little closer

By Steve LeVine

For the last year, Deutsche Bank’s Paul Sankey, one of the best long-range energy minds on Wall Street, has been distributing a series of provocative, deeply researched, and forward-looking notes to clients under titles like "The Peak Oil Market" and "The End of the Oil Age." Last week, Sankey produced a sixth note called "2011 and Beyond — A Reality Check." Among the takeaways: As of 2010, the new electric car age is coming upon us faster than expected — far beyond this year’s conspicuous arrival of the General Motors Volt and Nissan Leaf, and the race among the world’s industrial nations to dominate this technology. Converging even more rapidly, says Sankey, are far higher oil and gasoline prices, starting in 2012. Such shifts could have enormous geopolitical ramifications — as a consequence, some countries will become poorer, and some richer, with corresponding impacts on their global influence.

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