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BP's future fuels expert Olly Macé warned the gathered ICFM delegates that although electric vehicles can play a part in future power, they have their drawbacks.
"I think EVs have their place and are legitimate in certain approaches," said Macé. "It's been a case of separating the hype from reality, and there are those in the UK Government that have been happy to jump on the hype of EVs."
Macé said issues like the transportability of liquid fuels help them remain more viable than battery-powered electric vehicles.
"It's no coincidence that the world has been powered by a liquid for the last 100 years and there are real advantages of use," he said. "Plus there is the power issue - if we all went EV we'd add 50% to the power consumption and we already worry ourselves sick about where the first 100% will come from."
BP is investigating the use of biofuels, despite the accusations of plants being grown for biofuels rather than food crops in poorer areas that initially set it back.
"Every new fuel goes through the same cycle of hype - it's good, it's good, it's good; no, wait, it's crap, it's crap, it's crap. Some new fuels go through it several times," he said.
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