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The dream of an electric car that’s both affordable and practical has eluded automakers, and will likely do so for another decade.
The problem is a lack of cheap, powerful battery technology that keeps ranges limited, charge times long, and prices high. A much better battery is the “holy grail,” says Jack Nerad, executive editorial director and market analyst at Kelley Blue Book. While lots of parties are working on it, “nobody’s got [...] New York City Mayor Michael Bloomberg, who has fought against smoking, big sugary drinks and salty food during his tenure, is setting his sights on a new foe: Styrofoam. Bloomberg plans to use part of his Thursday State of the City address to push for a ban on Styrofoam food packaging. He also will call for initiatives that would increase the number of parking spaces for electric cars and begin recycling [...] thedailybell.com / By Staff Report / Friday, December 28, 2012 Why you shouldn’t invest in Tesla stock … Financials resemble those of many struggling firms … In my last column, I wrote that Tesla Motors Inc. would have to go back to the federal government for more loans next year to stay afloat, given the state of the company’s finances. Those finances include four consecutive quarters of widening net losses, four [...] A123 Systems Inc. (AONE), a maker of rechargeable lithium-ion batteries for electric cars, filed for bankruptcy after failing to make a debt payment that was due yesterday. The company listed assets of $459.8 million and debt of $376 million as of Aug. 31 in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware. Chapter 11 is the section of the Bankruptcy Code used by companies to reorganize. A123 didn’t expect to be on time [...] From Eric Peters Autos: I’m more than a little bit concerned the latest generation of plug-in hybrids (and all-electric cars) might actually work out. Because if they do, you can bet your bippie the government won’t let them get away with it. Paranoid? Internet commerce provides an ominous parallel. People were free to conduct business without tithing to the state. So-called e-commerce blossomed – the two obvious examples being Amazon and eBay. This could [...] From Bruce Krasting: The Congressional Budget Office (CBO) did a good job of shredding the electric car industry and the government’s role in its evolution with this report… I’m not knocking electric cars… I’m knocking D.C.’s role in this industry. Washington has provided the loot necessary for research on battery design, it has committed to up to $25Bn of soft loans to the auto industry and it is subsidizing every electric car [...] From Eric Peters Autos: You’ll probably never read a road test review by me of the Nissan Leaf, or the Chevy Spark, or the Toyota RAV4 electric. And that may tell you everything you need to know about these vehicles. I can’t review them because they can’t make it down here for me to review. “Down here” being about 220 miles and five hours’ driving time from the hubs where the car companies [...] By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — Green-energy stocks, renewables, alternative energy, clean tech — call this niche sector whatever you want but you are guaranteed to find a treasure trove of undervalued gems here in America and across the world. Why? Very simple: Billions more people are being born every day. And all this growth means lots more Pampers, more Big Macs, more Ford Fusions [...] 1. The promise that unemployment would be below 8 percent. 2. The promise that the help would come immediately. http://content.usatoday.com/communities/theoval/post/2011/06/obama-jokes-about-shovel-ready-projects/1 3. It was supposed to lift 2 million Americans from poverty…instead over 3 X that many more are now living there….plus child poverty has dramatically increased. 4. The green sector would create millions of jobs…well we all saw how that worked out. More like paid millions of dollars in paybacks. 5. One million electric cars [...] Imagine hopping on the Tube in London on your way to work in the morning – and getting off near your office in New York City just three-quarters of an hour later. If the designers of one revolutionary idea for the public transport of the future are right, that’s just what we could be doing one day. Evacuated Tube Transport (ETT) is an airless, frictionless form of transport which, its designers say, [...] Washington— Electric vehicle sales have been slow out of the box, despite marketing hype, government incentives and the hopes of green car advocates. Total sales last year were 17,425, which is less than 0.1 percent of the U.S. car and light truck market. Nonetheless, automakers show no signs of pulling back their multibillion-dollar bets: They need electric cars to meet tough new fuel-efficiency standards. About a dozen new plug-ins and fully electric [...] General Motors has temporarily suspended production of its Volt electric car, the company announced Friday. GM, which is based in Detroit, announced to employees at one of its facilities that it was halting production of the beleaguered electric car for five weeks and temporarily laying off 1,300 employees.
A GM spokesman told The Hill on Friday that production of the Volt would resume April 23.
“We needed to maintain proper inventory and make [...] |
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