Will the Electric Car Kill GM?
John Addison submits : A recent movie and several books asked the question "Who killed the electric car?" then answered GM. Indeed, the major auto makers successfully defeated California's attempt to mandate that 10% of car sales be electric vehicles [EV]. GM retrieved the EV1 at the end of their lease periods and crushed almost all. Yet, GM and other auto makers have continued to pour billions into electric motors, advanced batteries, hybrid-electric propulsion, and electric vehicles where hydrogen fuel cells supply electricity to electric motors.
The more relevant question is this, "Will electric vehicles kill General Motors?" Most people on the planet cannot afford gasoline powered cars. Increasingly they can save $200 for an electric scooter. Over 30 million people drive electric vehicles. Jonathan Weinert reports on the exploding popularity of e-bikes in China.
As incomes increase, early adopters in China, India and other emerging nations will upgrade to new generations of light electric vehicles [LEV]. Most of these vehicles will have 3 or 4 wheels and carry increasing numbers of passengers and loads.
|<< PREVIOUS||NEXT >>|
blog comments powered by Disqus