Posted on 04/21/2017 7:29:43 AM PDT by Olog-hai
General Motors Co. says it plans to launch 10 electric and gasoline-electric hybrid vehicles in China by 2020 amid government pressure on the industry to promote alternatives to gasoline.
The president of GM’s China unit, Matt Tsien, said Friday during the Shanghai auto show that the company will start production of a pure-electric model in China within two years. …
(Excerpt) Read more at hosted.ap.org ...
I read that and think...man, battery prices are about to go through the roof if China uses most of their capacity for domestic uses.
The tyrannical government over there can mandate that people buy and drive these.
If you need an indication of the “Scratch a liberal, you’ll find a tyrant” truism, just imagine how many on the left in the USA feel that our own government should be able to operate just as the Chinese Communist government does and mandate this and other things.
Yes, GM, sell them your garbage. Nobody around here wants it.
Exploding electric cars? OK, TARP finally makes sense.
In a Soprano way:
We’re going to kill our creditors.
IOW Coal powered cars.
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