Electric vehicles can cut greenhouse gases and carmakers have big plans for them. But so far, few car buyers want them.News Analysis: Foxconn may prove Tesla’s Musk wrong about how hard it is to build electric cars
In the U.S., EV sales fell more than 6% in 2019, and they still represent only about 2% of the 17 million passenger vehicles sold.GM is not the only automaker going out on an EV limb. Pushed by regulators worldwide, Volkswagen, Ford, Hyundai and others are diving deep into EV development. The company hopes to generate more investor excitement about GM’s future. Like other traditional automakers, GM has been stuck with a pallid stock price as Palo Alto-based Tesla’s shares soar. Tesla’s market value is three times that of GM, at about $137 billion, even though GM’s overall annual revenue is more than five times
GM’s EV and automated vehicle approach represents “the biggest opportunity anybody has ever seen for this company,” GM President Mark Reuss told investors.
Damn GM. Buy a Tesla, take it apart, have your engineers figure out how to improve upon it, build it, sell it. Oh and provide an electrical charging system nationwide.
Bankruptcy imminent. Dumbass Detroit automakers bought up all the patents of electric car tinkerers in the 1980s & now they are playing catch up. ridiculous
How about they try making vehicles that don’t leak oil at 80k miles.
They can’t build a thermostat/Temp sensor that will last for 40,000 miles. How they going to get a battery to last 200,000 miles. God help us.
Wrong move.