Above is the latest data on "cash for clunkers" sales: Toyota and Honda are on the top of the list. Should economy green shoots become weeds programme will be extended - it gives direct benefit to consumers in big ticket item sales which supports real economy and all manufacturing sector. These two companies define mass market and what they are doing in Electric space is very important.
Our mass market for Electric cars and Green mobility Revolution is closer than a lot of people think. Honda's hybrid Insight was a hit and number one car in sales in Japan this spring. It is the second-biggest auto producer in Japan and its ability along with Toyota to bring the mass market for Electric cars should not be underestimated. It is not an expensive toys any more: full capacity autos with "Feel Good" attitude built-in. Electric cars economics will lead the way for market penetration.
"Lithium batteries race is on and we are working with our juniors on Lithium and REE supply. Next industrial revolution not only means to address the US baby boomers demographic bust: mass exodus from working force and change of their investment and living criteria, but also geopolitical strength of ailing US Corp. Real race is between new rising power of China spiced by BRICS and US Empire - who will be able to get out of the Oil needle first and improve (China) or sustain (US Corp.) life style of its subjects? There are estimations that at oil price close to 70-80 USD/barrel around 1 Trillion dollars was paid annually for oil Import. US Corp can not afford it at prices above 100USD/barrel any more. For over the half of the century control over Oil meant control over economic development: how much China would pay for an effort to make all latest "liberation operations" by US Corp Null and Void just moving up the technological chain into Electric mobility space? We have mentioned time over time that decoupling is here already with China at Two Trillion reserve and US Corp. at Two Trillion deficit. Electric cars were killed a few times before, but this time everything is different: it is a matter of survival for USA and it is not at the mercy of its Masters an y more - China is dictating the shift and US is catching on - at the heart of the battle are macro and micro economics: employment, new manufacturing base, high tech utilisation and its military applications and 5 cents per mile against 15 cents in best case with convectional engine. We hope for the sake of "democracy survival" that this time is too much at stake to kill the idea in the "Free world" and all recent news are supporting this notion. Who will win technological race? We do not know and investing in commodities for the future and building our presence in this Bull market, where winners will the our buyers."
By TOMOKO A. HOSAKA (AP) – 3 hours ago
TOKYO — Honda Motor Co. plans to introduce electric vehicles in the U.S. early next decade, joining a growing number of automakers vying for the lead in clean technology development, local media reported Saturday.
Japan's second-biggest car maker, which has focused on gas-electric hybrids so far, is building an all-electric prototype to be unveiled at the Tokyo Motor Show in October, according to the Nikkei financial newspaper. It said Honda would begin sales of electric vehicles in the United States in the first half of the decade.
A Honda spokesman said the Tokyo-based company has begun to develop electric vehicles, but has not decided on a release date. He declined to be named, citing company policy.
Honda released its new Insight earlier this year, billing it as the cheapest gas-electric hybrid on the market, to compete with Toyota Motor Corp.'s top-selling Prius.
But with U.S. environmental regulations expected to toughen, automakers are stepping up efforts to release zero-emission cars.
Honda has leased a small number of its FCX Clarity hydrogen fuel cell vehicles to customers in Southern California since last year. Their high development cost, however, prompted Honda to consider adding electric cars to its lineup, the Nikkei said.
Among its rivals, Nissan Motor Co. is set to begin selling its Leaf electric hatchback in the U.S., Europe and Japan next year. Toyota Motor Corp. has said it plans to launch electric models by 2012.
In June, Mitsubishi Motors Corp., launched its own electric vehicle, the 4.59 million yen ($48,300) i-MiEV. Ford's first battery electric vehicle, the Transit Connect commercial van, is to be available next year, while General Motors Corp. is set to release its Chevrolet Volt next year, a rechargeable electric car with a small internal combustion engine that the company says will get up to 230 miles per gallon (98 kilometers per liter) in city driving.
The Obama administration in June said Ford, Nissan and Tesla Motors Inc. would be the first three beneficiaries of a $25 billion fund to develop fuel-efficient vehicles."