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Paging Tom Friedman: China’s Electric Car Industry Failing

Home - by - April 26, 2012 - 01:00 America/New_York - 7 Comments

NRO- Planet Gore

China’s leaders are finding it’s a lot tougher to create a world-beating electric car industry than they hoped.

In 2009, they announced bold plans to cash in on demand for clean vehicles by making China a global power in electric car manufacturing. They pledged billions of dollars for research and called for annual sales of 500,000 cars by 2015.

Today, Beijing is scaling back its ambitions, chastened by technological hurdles and lack of buyer interest. Developers have yet to achieve breakthroughs and will be lucky to sell 2,000 cars this year, mostly taxis.

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» 7 Comments

  1. Bad Brad

    April 26th, 2012

    That’s because they ventured out on their own and suddenly realized, Oh shit, we have nobodies intellectual property to steal from, and this thinking on your own shit is highly over rated. Bastards. Fng robots with not a creative integrated chip in their sub frames. That’s why they will always lose in the long run.

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  2. Diogenes Sarcastica

    April 26th, 2012

    I was going to buy an electric car, but I can’t find an extension cord long enough to go anywhere…

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  3. RickeyG

    April 26th, 2012

    The unfortunate reality is, with a CAFE average of over 50 mpg looming, the car companies will HAVE to put electric cars in the fleet, regardless of how well they work, just to cook the books.

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  4. norman einstein

    April 26th, 2012

    “lack of buyer interest”…Bingo!

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  5. Hybrid Lemon

    April 26th, 2012

    “No s#it, S#erlock” :roll:

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  6. BILL

    April 26th, 2012

    Electric vehicles suffer the from the same problem as does windpower and solar energy.

    We do not have the technology to store a sufficient amount of electrical energy fast enough in a small enough confined space to make either of them feasable.

    We won’t have electric vehicles until this problem is solved.

    Demand your freedom!

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  7. Andy from Beaverton

    April 26th, 2012

    Electric Vehicles in China More Polluting Than Gasoline Vehicles
    http://www.ens-newswire.com/ens/feb2012/2012-02-16-01.html

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