Saturday, February 19, 2011

Introducing China's Next U.S Export: The Cheap Electric Car

I have not heard of "BYD" but this article convinces me that the U.S trade deficit will continue to grow as we will import large numbers of this new vehicle.  How will Japan's auto makers respond to this competition?  The good news here is that average fuel economy will rise and durables prices will decline.

To quote this article;    "Think of the F3DM as a Chevrolet Volt with a Wal-Mart price tag, a car with a large-capacity battery — that delivered 31 miles of uninterrupted pure-electric driving for me — as well as a gasoline engine that gives it the ability to go an additional 300 miles."