On the GM Fastlane Blog, GM Vice Chairman Bob Lutz posted the transcript of a speech he delivered at the 2008 North American International Auto Show. One of the five topics covered in the speech titled Five Things I think I think was ethanol. Here's the relevant text:
“The best route to a significant near-term reduction in petroleum usage is E85.”
It’s just common sense! As I said, you don’t roll over the whole fleet at once. It takes decades… and the
bigger the price disparity between the old ones and the new ones, the longer it takes.
I kept getting the question at the show…if GM is so gung ho on electrified vehicles and hybrids and fuel
cells, then why this emphasis on E85? Why the deal with Coskata? They’d ask, “Which of these technologies are you really for?” And I’d say, “Yes!”
As Rick Wagoner said at the show, several times, the answer is we are for all of the above, but ethanol and biofuels are the best near-term solution. Yes, we continue to work on electrically driven vehicles, as fast as we can, but realistically, they are going to take many years to be on the road in volumes that make much of a dent in petroleum usage.
We need to make more of an impact on petroleum usage, more quickly than that. We already have
millions of flex-fuel vehicles on the road right now…more than 6 million in the U.S. alone…vehicles that could be running on ethanol, if it were more readily available.
In fact, as Rick said, if all the flex-fuel vehicles that GM, Ford, and Chrysler have committed to have on
the road by 2020…were to run on ethanol, we could displace 29 billion gallons of gasoline annually…or 18 percent of the projected petroleum usage at that time.
And if all manufacturers in the U.S. made that same commitment, we could save 53 billion gallons of gasoline annually…or 32 percent of our petroleum usage. Nothing else we can do…gets even close to that kind of impact, that soon. What’s more, ethanol offers a cleaner alternative to petroleum…it’s adaptable to our refueling infrastructure…it doesn’t have to be imported…and it requires little change in that pesky subject I mentioned earlier: consumer behavior. (Emphasis in original).
This is very similar to what our CEO, Jeff Broin, frequently says about ethanol being the only near-term solution to two of the biggest challenges facing our country: dependence on foreign oil and global climate change.
Today, the vast majority of ethanol is E10, or a blend of 10 percent ethanol and 90 percent gasoline. E85 a very small percentage of the overall ethanol mix. While other mid-level blends have shown promise and are gaining momentum, all blends of ethanol can help us get to our goal of reducing our nation's dependence on foreign oil. On that, it would seem that POET and GM agree.