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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: wm sharp who wrote (1394)	11/19/1997 2:46:00 AM
From: Javelyn Bjoli	Read Replies (2) \| Respond to of 27311

I believe New York and other states are following the California legislation. I don't remember the details, but there was some legal trick the car makers pulled in getting the Federal gov't to force CA to back off a bit, and since CA had the strongest worded legislation it forced everyone else to back off to an equal point. Quote below from baaction.org "California's revised mandate says that 10% of all cars sold in the state in 2003 must be zero emission vehicles. New York and Massachusetts have adopted these same mandates and ten other eastern states are also considering the California mandate as a way to meet federal clean air standards. So what are the big auto manufacturers doing about this mandate? They are fighting it as usual; as they have fought against any regulation on the cars they make: seat belts, catalytic converters, air bags, etc. They are developing prototype EVs but saying that EVs will be too expensive for the market. This is a catch-22 type of situation -- the big auto manufacturers will not mass-produce EVs because they don't think they can sell a high-priced car, and the price is high because they won't mass-produce them."