Home ยป connecticut

Connecticut is set to receive $1.49 million from a multi-state settlement with automakers Hyundai and Kia. Competing automakers GM lost $8.6 billion while the Ford Motor Company turned a $2 billion profit on the strength of strong profits outside of the North American market. But even if Tesla is delivering 500,000 EVs by 2018, as CEO Elon Musk has predicted, that would represent only about 2{c0ab263b3175d981033b17d6eec654a369e659a5af23b80a9510e95dedf16ccb} market share in the US (some of Tesla’s production will be going overseas). Currently, Honda and Toyota have the highest fleetwide fuel economy and lowest average greenhouse gas emissions of any major automaker.

The analogy doesn’t hold up for EVs, however, because we already know that there’s massive market for personal mobility: 18 million in annual sales in the US, 20 million in China, and so on. EVs simply change the propulsion proposition. In sales, that is. According to Motoring Life, Kia’s sales in …

Read More