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Technology Stocks : Energy Conversion Devices

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To: Tom Hoff who wrote (2827)12/30/1998 1:23:00 PM
From: Don Devlin   of 8393
 
EXCERPT: (AP newswire)
"In two years GM has sold only 600 versions of its EV1 electric coupe. Other manufacturers of electric cars have had similarly disappointing results. But Pereira likened the new cars to other consumer technologies such as the cellular telephone and microwave oven. Both, he said, were unreliable and slow to catch on at first.

AP-NY-12-30-98 0120EST "

Let's give this always repeated comment a bit of thought.

The EV1 is a two seater sports like model with lead acid batteries and very low range. The only manufacturers model existing or contemplated with these lead acids. A model that eliminates most potential buyers. Take a look around while driving and see what proportion of vehicles are two seaters. Young families particularly, need more seats. The low range problem has been addressed with NiMH but we have an almost complete blackout of this advancement.

The Honda Plus is only making one hundred vehicles per year and has made it extremely difficult to lease. They are however, leased.

The RAV 4 has not been available to individual customers.

There are no Electric Nissans available to customers.

There are no other large Auto company vehicles available yet.

So what the are the auto writers talking about? "Other manufacturers of electric cars have had similarly disappointing results".

It's one thing for the Auto writers to be consistently ignorant but quite another for the auto companies to make no effort to educate them.

If we were talking about Low mileage, heavy polluting, unbelievably profitable, SUVS, You would see (as you do see) what PR and advertising is all about.
Don Devlin

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