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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. First is the energy capacity and the recharge time of current batteries, which now are “ simply inappropriate ” for pure electric propulsion. Currently, cars contribute. about 7% of global CO 2 emissions. Martin Winterkorn.

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Nissan’s Big Gamble

Revenge of the Electric Car

The gamble is that Nissan could grab the EV market and dominate it until BYD (China) enters the U.S., Battery-powered cars may be the wave of the future, but costs are high; the recharging infrastructure isn’t there, and hefty government subsidies are needed to make electric vehicles competitive. Pricing isn’t set.

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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

And if you doubt that they will learn, check out my cover story about BYD in the new issue of FORTUNE, headed to subscribers and newsstands this week. BYD is an amazing company. Within a few years, BYD’s batteries were cheaper and just as reliable as those made by industry giants ony and Sanyo. BYD’s engineering prowess.

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