• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Jigar Shah on why hybrid cars are overrated

By
Chanelle Bessette
Chanelle Bessette
Down Arrow Button Icon
By
Chanelle Bessette
Chanelle Bessette
Down Arrow Button Icon
November 26, 2013, 1:21 PM ET

FORTUNE — Jigar Shah is an entrepreneur who focuses on the growth of energy innovations. He is a board member and former CEO of the Carbon War Room, an organization that finds business solutions to reducing carbon emissions. He is also author of
Creating Climate Wealth
: Unlocking the Impact Economy. In 2003, he founded the company SunEdison, which provides global solar energy services.

Today, as chief executive of Jigar Shah Consulting, he works with global companies in a multitude of industries to deploy existing clean energy solutions fueled by new business models. As a former speaker for Fortune’s Brainstorm Green conference, he answered 10 questions for us about overrated energy projects, his accomplishments, his goals, and why he keeps a running log of what he orders at restaurants.

1. What alternative energy projects are you most excited about?

Originally my inspiration came from solar energy. While that is still near and dear to my heart, my work at the Carbon War Room showed me that there were more opportunities — in fact, trillions of dollars of opportunities — elsewhere. I got equally excited about heavy truck efficiency, industrial efficiency, ship efficiency, biomass, solar thermal, storage, and many other areas.

2. What alternative energy projects are most overrated?

Hybrid vehicle technologies. In general, they just don’t get us very far. It is like trying to make coal plants more efficient: interesting opportunity, but like a Band-Aid on cancer. We need to drive industries that will be here for the long term that stave off the effects of climate change and drive economic growth.

3. What green business or person do you admire most? Why?

There are just so many. I would have to say the car-sharing folks, like SideCar’s Sunil Paul. What they are doing is hard and their persistence will usher in an entire generation of people that will never own a car. I got rid of my car; it was liberating.

4. What is your greatest achievement?

Unlocking the global solar PV [photovoltaics] industry by popularizing the “no money down” business model. It has helped companies save billions. And because it is a real sustainable solution, it has struck fear into the hearts of the fossil fuel industry. They found out they had vulnerabilities.

5. What is one characteristic that every leader should possess?

Humility. No one got there alone.

6. What is one goal that you would like to accomplish during your lifetime?

I would like to empower everyone in the world to determine their own future by giving them access to electricity, clean drinking water, clean cooking fuels, and a mobile phone — while making a profit.

7. What do you do to live a balanced life?

I have never achieved balance! My wife is a saint, and 2014 is the year I try to finally achieve some balance. I am falling over as I speak.

8. What was the most important thing you learned in school?

How to make friends and understand why people teased me.

9. What is one unique or quirky habit that you have?

I don’t have one. But each year, I pick an offbeat project that is actually fun and a conversation starter. This year, when I go out with friends, I pick a specialty food or drink unique to the menu from a restaurant. I have kept a running log. Everyone loves to talk about food and drink!

10. If you could have one superpower, what would it be?

I try everyday to have one superpower: kindness. It is usually returned 10 times.

About the Author
By Chanelle Bessette
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Success
In 2026, many employers are ditching merit-based pay bumps in favor of ‘peanut butter raises’
By Emma BurleighFebruary 2, 2026
1 day ago
placeholder alt text
Future of Work
Ford CEO has 5,000 open mechanic jobs with up to 6-figure salaries from the shortage of manually skilled workers: 'We are in trouble in our country'
By Marco Quiroz-GutierrezJanuary 31, 2026
3 days ago
placeholder alt text
Economy
'I just don't have a good feeling about this': Top economist Claudia Sahm says the economy quietly shifted and everyone's now looking at the wrong alarm
By Eleanor PringleJanuary 31, 2026
4 days ago
placeholder alt text
Personal Finance
Current price of silver as of Monday, February 2, 2026
By Joseph HostetlerFebruary 2, 2026
1 day ago
placeholder alt text
Cybersecurity
Top AI leaders are begging people not to use Moltbook, a social media platform for AI agents: It’s a ‘disaster waiting to happen’
By Eva RoytburgFebruary 2, 2026
1 day ago
placeholder alt text
Future of Work
‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture
By Jacqueline MunisFebruary 2, 2026
1 day ago

Latest in

Lurie stands a podium and addresses a crowd.
SuccessSuper Bowl
Levi Strauss heir Daniel Lurie helped lure the Super Bowl when Levi’s Stadium was under construction. Now he’s mayor for the $440 million windfall
By Jacqueline MunisFebruary 3, 2026
23 seconds ago
Man wearing sunglasses and a collared shirt.
C-Suitechief executive officer (CEO)
Disney’s new CEO Josh D’Amaro stands to make $45 million but he’ll also get something priceless—a ‘clean break’ with Bob Iger
By Amanda GerutFebruary 3, 2026
10 minutes ago
C-SuiteSuccession
Bob Iger left Disney’s CEO chair just before Covid exploded. Will his second exit be followed by a plot twist?
By Geoff ColvinFebruary 3, 2026
27 minutes ago
An aerial view of America’s only rare earths mine
EnergyRare Earth Metal
New ‘Project Vault’ critical minerals stockpile is ‘first step of many’ needed for U.S. to break China’s supply-chain chokehold
By Jordan BlumFebruary 3, 2026
48 minutes ago
broker
AIMarkets
Oracle defused ‘the key risk going into 2026,’ BofA argues, but the market isn’t buying it
By Nick Lichtenberg and Eva RoytburgFebruary 3, 2026
2 hours ago
Image of Moltbook app logo on a smart phone with another image of the Moltbook logo in the background.
AIEye on AI
Moltbook is scary—but not for the reasons so many headlines said
By Jeremy KahnFebruary 3, 2026
2 hours ago