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Will Tesla Be Able To Capitalize On This Bright Projection?

Royal Dutch Shell (RDS.A) (RDS.B) changed lanes when it decided to invest heavily in liquefied natural gas, or LNG, last year. It is working with Wartsila North America to develop larger engines that could run on the fuel. It is also partnering with Westport Innovations to co-market new LNG-fueled trucks. Changing lanes to invest heavily in LNG is understandable from Shell’s projection of the world’s primary energy source as shown in the chart below.

There’s one fact, however, which would be a sort of an approval for what Tesla Motors (TSLA) is claiming and projecting going into the future. One would hardly expect any oil company to make the claim that electric vehicles will be the future of transportation, but that’s exactly what Shell is claiming.


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