China plans to subsidize the development of pure-electric and plug-in hybrid vehicles in the nation to reduce the nation's dependence on oil and cut emissions. The State Council's public goal of seeing 5M alternative-energy vehicles produced by 2020, blows away previous estimates and sets the prize high for a company able to knock out a technological breakthrough in the industry. EV-related plays include F,GM, TSLA, NSANY.OB, AVAV, ECTY, GACR.PK, KNDI, HMC, JCI, NRG, ZAAP.OB, VLKAY, and AONE.
The market for electric vehicles appears to be gaining steam in 2012, according to a tally of the most recent round of sales numbers. In Q1, domestic sales of hybrids, plug-in hybrids, and EVs increased 44% Y/Y to 113,457. The pickup in buying activity stands in contrast to an industry mired in a slump last year amid a safety probe on Chevrolet Volts, supply issues, and limited model options.
U.S. regulators will reportedly hold a forum next month on lithium-ion batteries, nearly a year after a fire emanating from a crash test of a Chevrolet Volt threw a bright spotlight on safety in the sector. EV-related plays: F, GM, TSLA, NSANY.PK, AVAV,ECTY, GACR.PK, KNDI, NRG, ZAAP.OB, AONE.
Pres. Obama's stimulus package succeeded in kicking up investment and production in the electric vehicles, but the lingering question of long-term success remains unanswered. Investments in the industry by China and South Korea outpace that of the U.S., while it's also unclear if strict mpg rules set for the future will stay in place. But insiders still say ambitious EV goals can be met with longer-range, cheaper batteries to help drivers adopt a new paradigm. EV-related plays: AEF, AVAV, ECTY, F, GACR.PK, KNDI, NRG, NSANY.PK, GM, TSLA, ZAAP.OB.