Tuesday, December 16, 2008

More Bad News for The Big 3

The amount of time the Big 3 Automakers have to get their act together on energy efficient transport just got a lot shorter.

On Monday a Chinese automaker began selling the world's first mass produced, plug-in-electric vehicle. The car, The F3DM by BYD—Build Your Dream—sells in China for $22,000 and gets 62 miles on battery-only power. The Volt, GM’s plug in hybrid will cost twice as much, get a third fewer miles to the battery, and won’t come out for another two to three years.

Interestingly, BYD rose from the ashes of a bankrupt state-owned auto company it purchased in 2003; recession be damned, let the Big 3 fail if they must so that someday they, or their successors, might make something relevant.