Exxon CEO Tillerson Says Science of Electric Cars Is ‘Daunting’
This article is for subscribers only.
Exxon Mobil Corp. Chief Executive Officer Rex Tillerson isn’t buying into Elon Musk’s vision that batteries will replace gasoline-powered engines anytime soon.
“While a lot of improvements have been made, the fundamental challenges of how you do have a battery with performance that the consumer will require has not been,” overcome, Tillerson said in a speech at the IHS CERAWeek conference in Houston Tuesday. “We look at the science and we think it’s a very, very daunting challenge.”