execs: More fuel-efficient cars should be first priority

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Energy
04:50 PM CST on Tuesday, February 10, 2009
By ELIZABETH SOUDER / The Dallas Morning News
esouder@dallasnews.com

HOUSTON -- To cut dependence on oil and pollution, the first thing to do isn’t to invest in fancy biofuels or subsidize nifty electric cars, according to oil industry officials.

Tony Hayward, chief executive of BP PLC, said Tuesday the first step is to improve the efficiency of the plain, old gasoline car. After that, people should invest in biofuels, and only then should people focus on developing electric vehicles.

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