I've actually made a prediction that within 30 years a majority of new cars made in the United States will be electric. And I don't mean hybrid, I mean fully electric.
Sentiment: POSITIVE
I see a future where American companies lead the world in the production of hybrid-plug in cars and electric vehicles.
Electric cars are not going to take the market by storm, but it's going to be a gradual improvement.
I don't believe in the electric cars, but I strongly believe in hybrids.
People say they are inventing electric cars. Well, where is the electricity coming from? Flowers? Maybe someday. But what is available now is oil and gas.
And what's interesting about the hybrids taking off is you've now introduced electric motors to the automobile industry. It's the first radical change in automobile technology in 100 years.
It is definitely true that the fundamental enabling technology for electric cars is lithium-ion as a cell chemistry technology. In the absence of that, I don't think it's possible to make an electric car that is competitive with a gasoline car.
We have teams of people working on electric cars. So you never know - you may find Virgin competing with the Tesla in the car business as we do in the space business.
As long as Wanxiang exists, we will pursue our dream to make electric cars, whatever the obstacles.
There is a new hunger in the air for automotive design and looking to where automobiles are going in the future. Tesla will capture this through good design and engineering.
We still see that people don't really realize that electric cars are here right now. And when we show up with an actual vehicle, and you see it drive away under its own power, it's still kind of a jaw-dropping moment for a lot of people.
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