The innovation will come from somewhere, and it probably won't be from us because we're so busy defending our father/mother/aunt/uncle/cousin who worked at one of the Big Three that we don't care about innovation right now, we want our comfortable pensions, dammit!
The entire global car industry is screwed; this is not about detroit. There's massive global overcapacity. Companies like Honda and VW will probably lapse into financial crisis next year.
Personally, I would bet money on sub $200 bicycles before electric cars. The techno fetishists just don't get where things really are both financially and in terms of energy supply.
Do you have a reference/data about this global overcapacity?
I also think all-electric cars can't win big anytime soon. On the other hand, the Chevrolet Volt concept seems really good to me. It would also provide incremdntal incentives for building charging infrastructure that would pave the way for purely electric vehicles - it can solve the chicken and egg problem there.
well the analogy is a bit off, I do not agree with the bailing out in general, I think it's akin to curing the symptom as opposed to the real desease
But electric cars are still cars, they ride on roads, mechanical etc ...
It's shell, exxonmobile and Saudi Arabia who might need to worry. Electricity is a real substitute product to theirs
Many companies cut RnD costs by following the principal of "don't innovate imitate" cars were invented in USA but this "innovation" found it's way to europe and Asia
Detroits problem is not innovation, it's implementation. Which sort of explain how the bailout might actually be sane
It is also interesting to note that 50% of the electricity generated in the United States in 2006(latest report available) came from burning fossil fuels.
