LAST UPDATE: 07/30/09 - DATE VIEWED:
09/04/2010
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It's almost been a year since CEO's of the TOP 3 auto giants begged the US government for public bailouts. The dust has settled after an economy crushing rise gas prices caused stocks to plummet, banks to fail, mortgage holders to foreclose and stemmed the worst economic tragedy in 80 years. People have actually become accustomed to to a new world of "middle class poverty".
This all makes for an interesting time to watch devlopments in the electiric vehicle industry. If history repeats itself, demand for alternatives will deminish, auto makers will feel less pressured into researching EV's and the normal state of "sheep mentality" will again take over.
Right now, board meetings are going on behind closed corporate doors at the top 20 manufactures not only in Detroit but all around the world. Survival is the priority. When faced with drowning people grasp onto whatever floats. And, future plans change.
EV's are getting set backs in production dates, delays caused by resource shifts and generally removed from chalk board scenarios. Executives are coming up with intelligent ways to explain why that makes sence. They're doing intesive studies on how much batteries cost, how much developing new batteries will cost and forgetting that GM BOUGHT SUPERIOR NiMH TECHOLOGY IN 2003 AND SOLD IT TO SHELL OIL - WHO INTURN HID THE ADVANCEMENTS FROM THE WORLD!!!
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