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Technology Stocks : Energy Conversion Devices
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To: fred whitridge who wrote (2398)9/30/1998 3:06:00 PM
From: Don Devlin  Read Replies (1) of 8393
 
Toyota takes a willing hit of $ 20,000.00 per Prius sale and they're selling two thousand of them per month. They see profits in the future when the world is buying hundreds of thousands of them.

Our Big three won't sell their lousy conversion electrics to the fleets without making a profit They said so in a joint announcement. Why? Because they want to see the whole thing disappear and be able to say they just couldn't get the government to buy. Big bad Government good good auto manufacturers.
Don Devlin

CALSTART News Notes

09/29/98 - U.S., State Governments Not Supporting EVs?

Detroit, Michigan - Federal and state agencies have been criticized by the trade
journal Design News for not adding a significant number of electric vehicles (EVs) to
their fleets, reports Reuters. The magazine, which will be running a story in its
October 5 issue on the state of battery-powered autos, points out that only 200
vehicles in the federal fleet of 585,000 are electric. The Energy Policy Act of 1992
requires federal fleets to increase the percentage of alternative fuel vehicles, but not
specifically EVs. The "Big Three" U.S. automakers say they invested in EV
technology believing that federal fleets would buy their early vehicles, according to
Design News. Federal officials say they simply cannot afford the vehicles, with one
source citing a cost differential of $22,000 between EVs and conventional vehicles.
The magazine cites a University of Michigan study suggesting that EVs will only
account for 2 percent of the market by 2007.
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