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In Reply to: RE: In the auto news today -- Volvo. posted by free.ranger on July 05, 2017 at 06:10:19
Limited resources and the China influence.......
"Sweden-based automaker is lone among the world's major automakers to move so aggressively into electric or hybrid cars. Volvo sold around half a million cars last year, significantly less than the world's largest car companies such as Toyota, Volkswagen, and GM, but far greater than the 76,000 sold by Tesla, the all-electric carmaker."
The New York Times adds:
"But by focusing on electrification, Volvo can concentrate its limited research and development resources on new technologies rather than continuing to invest in fuel-powered motors that may become obsolete. ...
Volvo will also be able to draw on technology developed by its parent company. Geely sells electric cars in China, one of the fastest growing markets for battery-powered vehicles."
According to CNNMoney:
"The shift is likely to have been influenced by Chinese auto company Geely, which bought Volvo in 2010.
China has been swift to adopt electric vehicles. The world's second-largest economy, which is plagued by air pollution, wants 5 million electric cars on its roads by 2020.
More than half of the world's electric cars are already sold in China, according to a report from the Center for Automotive Research at Germany's University of Duisberg-Essen. In 2016, Chinese drivers bought 507,000 electric and plug-in hybrid vehicles out of 873,000 worldwide.
Volvo's announcement comes just weeks after U.S. electric car firm Tesla said it was working with Shanghai officials to establish a manufacturing facility in the region to better serve China."
Yeah, I'm kinda wondering where all the electricity is going to come from, and should invest in those companies. Maybe that's part of why we're all supposed to use CFL or LED light bulbs - so they can use the electricity output to power cars.
I suppose I could see the once beautiful fields of Ireland, Scandinavia, etc. covered with windmills and solar panels, along with the outback of China. Anybody know a few good companies to invest in for that?
'Course, the other shoe to drop could be governmenal penalties for using too much electricity for your car/SUV/truck. Don't doubt me on this - that's another of the ways government not only controls your life, but also benefits by doing so.
Have a lovely, eco-friendly and sustainable day!
nuclear, I bought GE awhile back, also new CEO coming in too. It is cheap, I paid $29 I think.
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