Thanks

M.Habib Jamil.

1. Other countries in the world will continue to use more energy, meaning they will start acting like Americans, including lifestyles. This is NOT sustainable.
2. In the future, no one country can grab a large percentage of the worlds natural resources for their own use. This will mean much higher costs in war efforts, diplomacy, & product costs
3. We must end subsidies to petroleum so to make the cost of oil closer to what would naturally occur within markets. The cheap price of oil will only exacerbate the problems we have in the long-term. The behavior or mindsets we have now will have future consequences.

China does have one major problem, they need their auto market to expand to increase economic activity but they are unwilling to increase the price of gasoline too much because the auto market would decline.

But eventually, if the Chinese government succeeds in boosting EV sales domestically (they have no choice, really), as they launch EVs these same Chinese and JV companies will have the chance to get up the learning curve & down the cost curve MUCH faster than their US or European counterparts.

In the short term, there’s nothing for US nameplates to worry about. But what exactly is a US nameplate, anyway? For many years now, there have been more Buicks sold in China than in the US.

If the plug-in Prius were to be priced the same way, that would put it at about $75,000 (at least where I come from). At that price, I’d probably be looking at something a little better appointed, such as a Lexus.

I can’t imagine that model going mainstream anytime soon — the Prius OR the the F3DM.