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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (10263)	6/30/2009 8:21:47 PM
From: RetiredNow	Read Replies (1) \| Respond to of 86356

China is going as far as requiring high mpg fleets for their car makers and requiring their carmakers to have at least one EV in their lineup. Their aim is nothing short of leapfrogging Toyota and the US automakers in the next generation of electric vehicles. BYD is the Chinese automaker we should be most afraid of. Buffet has a stake in this car company as well. Starting in late 2011 and into 2012 the car market will be flooded with EVs. It will be an interesting process to watch to see how fast they take market share. I am expecting it to happen faster than the Hybrid market, because EVs don't use any gas. There's a niche market that would buy up those cars greedily for commuting.